Quebec · NOI
Trustee’s report on the financial situation of the Debtor and on the Proposal – dated February 13, 2019
Court officer report · 13 February 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Preferred Claims, without interest or penalty, shall be paid in their entirety in priority to Unsecured Claims within thirty (30) days of the approval of the Proposal by the Court or as may be otherwise arranged with the Preferred Creditors - expected to be nil. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In the event any amounts are owing, as per the terms of the Proposal, they will be paid in full prior to distributions to unsecured creditors. · pct of: unstated · outcome: paid_in_full · stated by: trustee · class label: Subsequent Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: | Related Party Claims | 2 | 14,764,000 | 1,633,689 | 11.1% | (150,000) | 1,483,689 | 10.0% | · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · amount low: 1483689 · amount high: 1483689 · class label: Related Party Claims · claims amount: 14764000 · interim final: unstated · related party: true · claims qualifier: estimated; basis: plan · quote: | Employee Claims | 8 | 33,877 | 17,586 | 51.9% | 16,291 | 33,877 | 100.0% | · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: preferred · stated by: trustee · amount low: 33877 · amount high: 33877 · class label: Employee Claims · claims amount: 33877 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: | Landlord Claims | 15 | 2,158,107 | 278,059 | 12.9% | 100,000 | 378,059 | 17.5% | · pct of: unstated · outcome: distribution · pct low: 17.5 · pct high: 17.5 · class key: landlord · stated by: trustee · amount low: 378059 · amount high: 378059 · class label: Landlord Claims · claims amount: 2158107 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: | Total Liabilities | 56 | $17,233,749 | $2,000,000 | 11.6% | - $ | 2,000,000 $ | 11.6% | · pct of: unstated · outcome: distribution · pct low: 11.6 · pct high: 11.6 · class key: unsecured · stated by: trustee · amount low: 2000000 · amount high: 2000000 · class label: Total Liabilities · claims amount: 17233749 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: It is estimated that the $2.0 million Proposal would represent an 11.6% total recovery to Unsecured Creditors, based upon the estimated claims known to the Proposal Trustee. · pct of: unstated · outcome: distribution · pct low: 11.6 · pct high: 11.6 · class key: unsecured · stated by: trustee · amount low: 2000000 · amount high: 2000000 · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: