Ontario · Proposal
Notice to Creditors
Notice to creditors · 18 August 2025
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: unstated · quote: Based on the amounts set forth in Section G above would result in a gross dividend yield of 100% (excluding any deductions for the Levy); · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors (Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on an analysis performed by the Trustee would result in an estimated gross dividend yield of 71% (excluding any deductions for the Levy). · pct of: unstated · outcome: distribution · pct low: 71 · pct high: 71 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (Convenience Creditor Election) · interim final: unstated · conditional on: amount equal to the lesser of $2,500 and the actual amount of their Proven Claim, subject to change based on number of valid elections · claims qualifier: unstated; basis: liquidation_alternative · quote: If Goodlevel becomes bankrupt, the estimated realization of the Company's assets under the bankruptcy scenario would not be sufficient to cover the balance of Preferred Claims and Unsecured Claims as outlined in this Report, resulting in a $Nil recovery from the estate. · pct of: unstated · outcome: nil · class key: preferred · stated by: proposal_trustee · class label: Preferred and Unsecured Creditors (bankruptcy scenario) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: For the Company's former employees, they would potentially recover approximately [34%] on their claims through WEPP. · pct of: unstated · outcome: distribution · pct low: 34 · pct high: 34 · class key: weppa · stated by: proposal_trustee · class label: Former employees (WEPP) · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-18 · table missing: