Ontario · Proposal
Notice of Proposal to Creditors – dated January 20, 2015
Notice to creditors · 20 January 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Unsecured Creditors with Proven Unsecured Claims in the aggregate of $1,500 or iess, and creditors having Proven Unsecured Ciaims in an aggregate amount in excess of $1,500 and who provide to the Proposal Trustee an Election to Reduce Claim prior to the date which is two (2) Business Days foliowing the making of the Approval Order reducing the aggregate amount of their Proven Unsecured Claims to $1,500, will receive a cash dividend equai to the iesser amount of their Proven Unsecured Ciaims or $1,500. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 1500 · amount high: 1500 · class label: Unsecured Creditors with Proven Unsecured Claims of $1,500 or less (or electing to reduce claim to $1,500) · interim final: unstated · conditional on: will receive a cash dividend equal to the lesser amount of their Proven Unsecured Claims or $1,500 · claims qualifier: unstated; basis: plan · quote: Creditors with Proven Unsecured Claims who are owed in excess of $1,500 and who have not elected to receive a cash dividend of $1,500 will receive a Payment Certificate which will afford those Creditors an opportunity to recelve a dividend up to a maximum amount equal to 100% their Proven Unsecured Claims against the Company. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Creditors with Proven Unsecured Claims greater than $1,500 who do not elect to reduce claim · interim final: unstated · conditional on: payments against the Payment Certificates will be made by the Company based on the amount of the Company's Profits for the fiscal years ended 2015 to 2017; no payments will be made if the Company does not have any Profits in those fiscal years · claims qualifier: unstated · stated on: 2015-01-20 · table missing: