Ontario · Proposal
Report to Creditors dated June 4, 2021
Court officer report · 4 June 2021
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: provide for payment in full of the Secured Claims 3 ; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: make a distribution of up to 58% of the amounts owing to each Affected Creditor. · pct of: unstated · outcome: distribution · pct low: 58 · pct high: 58 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: if aggregate Proven Claims exceed the Maximum Proposal Claims amount of $65,000,000, Affected Creditors receive their Affected Creditor Pro Rata Share instead · claims qualifier: unstated; basis: estimated · quote: Affected Creditors will have an opportunity for a recovery of up to 58¢ on the dollar value of their claims should the Amended Proposal be accepted and approved by the Court. · pct of: unstated · outcome: distribution · pct low: 58 · pct high: 58 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · cents on dollar: 58 · claims qualifier: unstated; basis: estimated · quote: Based on the FM Report, distributions to Affected Creditors may be nil if the YSL Project is marketed for sale. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: if the YSL Project is marketed for sale · claims qualifier: unstated; basis: plan · quote: holders of Equity Claims shall not be entitled to vote in respect of their Equity Claims at the Meeting and shall not receive any distribution under the Proposal on account of their Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: proposal_trustee · class label: Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2021-06-04 · table missing: