Quebec · NOI
Report of Trustee on Proposal – dated December 17, 2010
Court officer report · 17 December 2010
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 estimated distribution tothe Ordinary Creditors in the Amended Proposal isapproximately $0.17 on the dollar, which is marginally greater than the estimated dividend ofapproximately $0.16 on the dollar inthe event ofa bankruptcy; however, the Creditor's recovery inthe event ofa bankruptcy issubject tosignificant uncertainty in regard tothe net realizable value ofthe assets. · pct of: unstated · outcome: distribution · pct low: 17 · pct high: 17 · class key: unsecured · stated by: trustee · class label: Ordinary Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is estimated that the Proposal would provide the creditors with adividend ofapproximately $0.10 on the dollar to the Ordinary Creditors as presented in the Statement ofAffairs, compared toan estimated dividend ofnil in the event ofa bankruptcy. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · class label: Ordinary Creditors · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated · stated on: 2010-12-17 · table missing: