Ontario · NOI
Second Report of the Proposal Trustee dated November 5, 2021
Court officer report · 5 November 2021
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 filing4 verified
- operational summaryArtex continues to operate and is working to complete its remaining project (the East Side Project) while communicating with TD, its primary secured lender; the updated cash flow projection indicates sufficient liquidity to fund operations and proposal costs through the requested stay extension to December 30, 2021.
- recovery outcomeentries: basis: estimated · quote: As a result, there would be no funds available for the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · conditional on: if the Company is not able to continue operating and cannot complete the Manhattan project · claims qualifier: unstated · table missing:
- report date5 November 2021
- report noSecond Report