Nova Scotia · Proposal
Second Report of the Proposal Trustee as filed June 22, 2022
Court officer report · 22 June 2022
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: 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: