British Columbia · Proposal
Trustee's Report on the Proposal
Court officer report · undated
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What we verified from this filing10 verified
- appointeeGrant Thornton Limited
- appointee roleproposal trustee
- commencement date3 November 2016
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file noB160887
- statutory basisparagraphs 50(5) and 50(10)(b), Bankruptcy and Insolvency Act
- secured creditorsnote: Estimated 'Bankruptcy' scenario secured claim per Statement of Affairs; described as the only known Secured Creditor; also acting as Proposal Sponsor and funding professional fees/litigation costs (related party/insider dynamic) · page: 3 · as of: Statement of Affairs · amount: 113181 · debtor: Docusystems Integrations Inc. · creditor: Wells Fargo Equipment Finance Company · currency: CAD · security: Secured claim against the assets of the Debtor (security interest); to be released under the Proposal and added to Unsecured Creditors' claims
- unsecured creditorsnote: Document names no individual unsecured creditors; higher than Bankruptcy scenario because Wells Fargo's released secured claim of $113,181 is added to this class · page: 3 · as of: Statement of Affairs · basis: Claims of the Unsecured Creditors derived from the Statement of Affairs (estimated realization chart, Proposal scenario); includes Wells Fargo's secured claim added upon release of security under paragraph 2.5 of the Proposal · amount: 1810981 · debtor: Docusystems Integrations Inc. · creditor: Unsecured creditors (aggregate as reported) - Proposal scenario · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors; figure represents estimated claims in a bankruptcy scenario; Proof of claim forms had not yet been received by the Trustee at time of report · page: 3 · as of: Statement of Affairs · basis: Claims of the Unsecured Creditors derived from the Statement of Affairs (estimated realization chart, Bankruptcy scenario) · amount: 1697800 · debtor: Docusystems Integrations Inc. · creditor: Unsecured creditors (aggregate as reported) - Bankruptcy scenario · currency: CAD
- recovery outcomeentries: basis: plan · quote: | Dividend available-unsecured creditors | 0% | 0.7% | | · pct of: unstated · outcome: distribution · pct low: 0 · currency: CAD · pct high: 0.7 · class key: unsecured · stated by: trustee · class label: Unsecured Creditor's Claims · interim final: unstated · currency quote: $12,600.00 CDN · claims qualifier: unstated; basis: plan · quote: | Secured Creditor's Claims | $113,181 | 0$ | 5 | · pct of: unstated · outcome: nil · class key: pmsi_lessor · stated by: trustee · class label: Secured Creditor's Claims · claims amount: 113181 · creditor name: Wells Fargo Equipment Finance Company · interim final: unstated · conditional on: Wells Fargo releases its security and such claim is added to Unsecured Creditors' claims · claims qualifier: listed · table missing: