Ontario · Proposal
Propak Trustee Report on Proposal.pdf
Court officer report · 19 May 2011
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What we verified from this filing9 verified
- provinceOntario
- appointeeThe Fuller Landau Group Inc.
- appointee roleTrustee
- proceeding typebia_proposal
- statutory basisSubsection 50(5) of the Bankruptcy and Insolvency Act
- statutory basisSubsection 50(5) of the Bankruptcy and Insolvency Act
- commencement date26 November 2010
- financial positionnote: Assets shown at two bases: Estimated Net Book Value totaling $4,878,000 and Estimated Realizable Value per SOA totaling $707,000 (Accounts Receivable $103k NBV/$57k realizable; Machinery & Equipment $4,775k NBV/$650k realizable). Liabilities per SOA: Secured $496,000, Preferred $37,000, Unsecured $2,591,000, Contingent 'NIL', Total $3,124,000. · as at: 2011-05-09 · basis: Statement of Affairs; Estimated Realizable Value per SOA (assets), unaudited estimates · scope: Propak Limited (single entity) · currency: CAD · total assets: 707000 · total liabilities: 3124000
- recovery outcomeentries: basis: plan · quote: As set out therein, the Trustee estimates the average dividend from the Funds to Unsecured Creditors is between approximately 5.7 cents and 11.9 cents per dollar of claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 5.7 · amount high: 11.9 · class label: Unsecured Creditors (under the Proposal) · claims amount: 2591159 · interim final: unstated · claims qualifier: estimated · stated on: 2011-05-19 · table missing: