Alberta · Bankruptcy
Trustee's Second Report to Shareholders
Court officer report · 25 March 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As the known creditors of the Companies have all been paid in full, this Report will not be provided to them, but will be posted on the Trustee's website located at www.insolvencies.deloitte.ca (the 'Trustee's Website'). · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: trustee · class label: known creditors of the Companies · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee does not expect any recovery on the Saskatchewan Mortgage. · pct of: unstated · outcome: nil · class key: secured · stated by: trustee · class label: Saskatchewan Mortgage · creditor name: TMIC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Trustee has prepared a preliminary estimate of the potential funds that could be distributed to the Shareholders, assuming the Claims Process is approved by the Court, and has estimated that the Shareholders may realize a return on their shares ranging from 15% to 30%. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 30 · class key: equity · stated by: trustee · class label: Shareholders of TMIC · interim final: unstated · conditional on: subject to several assumptions about the values of the Remaining Assets, timing of the realizations and the costs to complete the sales and overall administration, and the final proven and approved value of the Shareholder claims · claims qualifier: unstated · stated on: 2016-03-25 · table missing: