Quebec · NOI
Notice of Proposal to Creditors (bilingual)
Notice to creditors · 30 May 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- financial positionnote: Components only, not summed: BDC (1st mortgage) ~$28M as of Jan 31, 2025; Klein (2nd mortgage) ~$6M as of Jan 31, 2025; Chok (3rd mortgage) ~$4.5M as of Jan 31, 2025; City of Montreal/Comité de gestion de la taxe scolaire unpaid taxes ~$1,218K. Trustee states net realizable value of Debtor's assets in bankruptcy context estimated at 0% for ordinary creditors and not expected to exceed secured claims. · as at: 2025-01-31 · basis: unaudited financial information, books and records provided by Company management; Trustee expresses no opinion or assurance · scope: entity - 9464-3889 Québec Inc. · currency: CAD
- recovery outcomeentries: basis: plan · quote: Depending on the profile and quantum of the creditor claims following the claims process, the Proposal offers a dividend that is estimated to be 7% for the ordinary unsecured claims and for secured claims that are insufficiently secured by the assets of the Company. · pct of: unstated · outcome: distribution · pct low: 7 · pct high: 7 · class key: unsecured · stated by: proposal_trustee · class label: ordinary unsecured claims and secured claims that are insufficiently secured by the assets of the Company · interim final: unstated · conditional on: Depending on the profile and quantum of the creditor claims following the claims process · claims qualifier: unstated; basis: liquidation_alternative · quote: This is greater than the estimated net realizable value of 0% in the context of bankruptcy. · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 0 · class key: unsecured · stated by: proposal_trustee · class label: ordinary unsecured claims (estimated net realizable value in the context of bankruptcy) · interim final: unstated · claims qualifier: unstated · table missing: