Ontario · Proposal
Amended Proposal - dated
Proposal document · 29 January 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Proven Claims of the Preferred Creditors are to be paid in full in priority to the Proven Claims of the Unsecured Creditors in accordance with the BIA and the Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Related Creditors shall not be entitled to vote on the Proposal or receive a distribution under the Proposal. · pct of: unstated · outcome: nil · stated by: debtor · class label: Related Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: For each fiscal year ending August 31 for the five (5) years beginning for the year ended August 31, 2021, the Debtor will pay the greater of: (i) 20% of the aggregate value of the Certificates; or (ii) 40% per cent of the Net Income of the Debtor pro rata to Creditors based on and to reduce the amount owing under the Certificates, provided that no creditor is entitled to receive more than 100% of that Creditor's Proven Claim. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: debtor · class label: Creditors (Certificate holders) · interim final: unstated · conditional on: the Debtor will pay the greater of: (i) 20% of the aggregate value of the Certificates; or (ii) 40% per cent of the Net Income of the Debtor pro rata to Creditors based on and to reduce the amount owing under the Certificates, provided that no creditor is entitled to receive more than 100% of that Creditor's Proven Claim · claims qualifier: unstated · table missing: