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
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: 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 · currency: CAD · pct high: 11.6 · class key: unsecured · stated by: proposal_trustee · amount low: 2000000 · amount high: 2000000 · class label: Unsecured Creditors · claims amount: 17233749 · interim final: unstated · conditional on: claims may change as proofs of claim are filed · currency quote: Unless otherwise stated, all monetary amounts contained herein are expressed in Canadian dollars. · claims qualifier: estimated; basis: unstated · 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: proposal_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: | 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: proposal_trustee · amount low: 378059 · amount high: 378059 · class label: Landlord Claims · claims amount: 2158107 · interim final: unstated · conditional on: after reallocation from Harvey · claims qualifier: estimated; basis: liquidation_alternative · quote: In a bankruptcy scenario, the realization to unsecured creditors from the Debtor's estate is estimated to approximate the Original Estimated Distribution to the unsecured creditors in the Proposal as reflected in the table in the prior section. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors (bankruptcy scenario) · interim final: unstated · conditional on: approximates the Original Estimated Distribution under the Proposal · claims qualifier: unstated · table missing: