Nova Scotia · Proposal
Second Report of the Proposal Trustee as filed June 22, 2022
Court officer report · 22 June 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: No payments will be made by the Entities to the Unsecured Creditor Class during the term of the Proposal other than payments referred to in section vi. below; · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditor Class · interim final: unstated · conditional on: other than payments referred to in section vi. · claims qualifier: unstated; basis: liquidation_alternative · quote: If the Proposal is rejected and the Entities are deemed bankrupt, the Proposal Trustee has estimated that the Unsecured Creditors would receive a distribution of less than 10% of their proven claims. · pct of: proven_claims · outcome: shortfall · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: If the Proposal is rejected and the Entities are deemed bankrupt · claims qualifier: unstated · stated on: 2022-06-01 · table missing: The Proposal Trustee estimates the net distribution to Unsecured Creditors under a potential bankruptcy scenario as follows: