Saskatchewan · NOI
Report of Trustee on Proposal dated January 27, 2023
Court officer report · 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: Convenience Creditors will receive the first $1,500 of their proven claim from the Proposal Proceeds in full settlement of their claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 1500 · amount high: 1500 · class label: Convenience Creditors · interim final: unstated · conditional on: 100% of the first $1,500 of proven claim; election as Convenience Creditor · claims qualifier: unstated; basis: plan · quote: Based on the Company's records as at the Initial Filing Date, the projected distribution to Pro Rata Creditors is expected to be approximately 10% of their claim. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: Pro Rata Creditors · interim final: unstated · conditional on: subject to claim review process and variation in Convenience Creditor elections · claims qualifier: unstated; basis: liquidation_alternative · quote: As illustrated in the above SER, if UTSG was deemed to have made an assignment in bankruptcy and the assets of the Company immediately liquidated, it is estimated that no funds would be available for the Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As the Related Creditors remain unaffected by the Proposal, they will not participate in the Proposal distribution. · pct of: unstated · outcome: nil · stated by: proposal_trustee · class label: Related Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-12-09 · table missing: