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: The Proposal Trustee shall pay from the Cash Distribution Fund to each Affected Creditor with a Proven Claim a Cash Distribution equal to 2% of its Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 2 · pct high: 2 · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Crown Claims that are Proven Claims (if any) shall be paid in their entirety, inclusive of interest, within six months after the granting of the Approval Order in accordance with the scheme of distribution set forth in the BIA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims that are Proven Claims (if any) shall be paid in full on or after the date that is immediately upon the Approval Order, in accordance with the scheme of distribution set forth in the BIA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy scenario, it is expected that it will be difficult, if not impossible, for a bankruptcy trustee to realize on the primarily furniture, fixture, and food and liquor assets of the Companies so that there will be a distribution to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: unsecured creditors (bankruptcy scenario) · interim final: unstated · claims qualifier: unstated · stated on: 2024-03-14 · table missing: