Interim receivership
Notice of Proposal to Creditors – dated June 27, 2014
Notice to creditors · 27 June 2014
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: All Secured Claims shall be paid in accordance with existing agreements between the Company and each Secured Creditor or as may be agreed to between the Company and such Secured Creditor. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: owing to employees and former employees, that they would have been entitled to receive under Paragraph 136(1)(d) of the ACT if the Company became bankrupt on the date of the Approval, will be paid in full within thirty (30) days following Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Preferred Claims will be paid in full, without any interest whatsoever, in priority to all claims of Ordinary Claims within thirty (30) days following Approval of the Proposal by the Court or in accordance with agreements which may be concluded between the Debtor and any such Preferred Creditor. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Company shall pay to the Trustee the amount of $50,000.00 (FIFTY THOUSAND DOLLARS), within thirty (30) days following Approval of the Proposal by the Court. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 50000 · amount high: 50000 · class label: Ordinary Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2014-06-27 · table missing: