Ontario · Receivership (court-appointed)
Bomet - Proposal to Creditors (February 5, 2020)
Proposal document · 5 February 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Any secured claims against the assets of the Company will be paid in full in priority to all unsecured claims, which payment shall be made prior to the payment of the dividend to unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The claims of the Preferred Creditors will be paid in full and in priority to the claíms of the Ordinary Unsecured Creditors. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Unsecured Creditors · interim final: unstated · conditional on: If total Preferred and Ordinary Unsecured Claims exceed $400,000, Preferred claims paid in priority and Ordinary claims receive pro-rata share of remaining funds · claims qualifier: unstated; basis: plan · quote: In the event the total Preferred and Ordinary Unsecured Claims exceed $400,000, the Preferred claims won s nn f d i sg s f d ig their pro-rata share of the remaining funds from the proposal payment. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Ordinary Unsecured Claims · interim final: unstated · conditional on: In the event the total Preferred and Ordinary Unsecured Claims exceed $400,000, the Preferred claims are paid first and Ordinary Unsecured Claims receive their pro-rata share of the remaining funds from the proposal payment · claims qualifier: unstated; basis: plan · quote: There will be no payments made in respect of any Shareholder Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Shareholder Claims · interim final: unstated · claims qualifier: unstated · table missing: