Saskatchewan · NOI
Sanction Application Brief dated January 27, 2023
Application / notice of application · 27 January 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: if the Proposal was accepted, the T&C Pro-Rata Creditors would recover approximately 10% of their proven claims; and · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: T&C Pro-Rata Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: if the Proposal was not accepted, the T&C Pro-Rata Creditors and the Convenience Creditors would likely receive nothing in a bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: T&C Pro-Rata Creditors and Convenience Creditors · interim final: unstated · conditional on: Proposal not accepted · claims qualifier: unstated; basis: plan · quote: if the Proposal was accepted, the UTSG Pro-Rata Creditors would recover approximately 10% of their proven claims; and · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: UTSG Pro-Rata Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: if the Proposal was not accepted, the UTSG Pro-Rata Creditors and the Convenience Creditors would likely receive nothing in a bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: UTSG Pro-Rata Creditors and Convenience Creditors · interim final: unstated · conditional on: Proposal not accepted · claims qualifier: unstated; basis: liquidation_alternative · quote: The Trustee in its report to the Court on this approval application gives the opinion that the Proposals are advantageous for the creditors because they result in a greater distribution to the unsecured creditors, as there would be no distribution to unsecured creditors in a bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-27 · table missing: