Quebec · Proposal
Report of the Trustee on Financial Situation of Debtor and Proposal – dated December 7, 2007
Court officer report · 7 December 2007
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: unstated · quote: The Employee Claims shall be paid in full in the normal course of business; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · stated by: trustee · class label: Employee Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Crown Claims, without interest, will be paid in full within six (6) months of the approval of the Proposal; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: trustee · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Preferred Claims, without interest, will be paid in full in priority to all unsecured claims; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: a) 100% of their proven claims, without interest, and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 10000 · amount high: 10000 · class label: unsecured creditors, other than the FSTQ (first payment) · interim final: unstated · conditional on: the lesser of a) 100% of their proven claims, without interest, and b) $10,000, payable within sixty (60) days following the Approval of the Proposal · claims qualifier: unstated; basis: unstated · quote: | Other dividends (8 equal installments) | May 2008 to Feb. 2010 | 31 | 79.3% | 1,225,725 | · pct of: unstated · outcome: distribution · pct low: 99.4 · pct high: 99.4 · class key: unsecured · stated by: trustee · amount low: 1850000 · amount high: 1850000 · class label: unsecured creditors (other dividends, 8 equal installments) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Thus, we believe that under a bankruptcy scenario no amount would be available for distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2007-12-05 · table missing: