Ontario · Proposal
Approval of BIA Proposal
Plan sanction / final order · 9 September 2022
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What we verified from this filing2 verified
- presiding officerJustice Fortier
- recovery outcomeentries: basis: plan · quote: The Proven Claims of Preferred Creditors are to be paid by the Trustee in full in priority to all claims of Ordinary Creditors in accordance with the scheme of distribution set forth in the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Debtor will pay to the Trustee an amount equal to the lesser of $1,015,000 and 35 % of the Proven Claims of Ordinary Unsecured Creditors(the "Maximum Amount"), to be distributed by the Trustee to Ordinary Unsecured Creditors, no later than thirty-six (36) months after the Effective Date. · pct of: proven_claims · outcome: distribution · pct low: 35 · pct high: 35 · class key: unsecured · stated by: debtor · amount low: 1015000 · amount high: 1015000 · class label: Ordinary Unsecured Creditors · interim final: unstated · conditional on: The lesser of $1,015,000 and 35% of the Proven Claims of Ordinary Unsecured Creditors, plus at least 50% of any cash in excess of $500,000 on hand at year end up to the Maximum Amount · claims qualifier: unstated · table missing: