Ontario · Proposal
Fourth Report of the Proposal Trustee dated August 7, 2020
Court officer report · 7 August 2020
Also filed as: First Report of the Receiver dated August 7, 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2020-04-30 · kind: invoice · quote: For the Period from March 23, 2020 to April 30, 2020 · start: 2020-03-23 · approval: state: unstated · averages: rate: 601.34 · quote: The average hourly rate for the Receiver for the referenced billing period was $601.34. · scope: the Receiver · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: This report ('Report') is filed by KSV Kofman Inc. ('KSV') · context quote: receiver (the 'Receiver'), appointed pursuant to an Order of the Ontario Superior Court of Justice ('Court') dated March 23, 2020
- recovery outcomeentries: basis: plan · quote: The Proposal provides for Amalco to issue a Tax Loss Variable Note up to a maximum principal amount of $1.75 million (the 'Maximum Principal Amount') to the Affected Creditors, which could result in amounts payable to Affected Creditors of up to 51¢ on the dollar. · pct of: unstated · outcome: distribution · pct low: 51 · pct high: 51 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: if the Maximum Principal Amount is achieved · cents on dollar: 51 · claims qualifier: unstated; basis: plan · quote: Payments under the Proposal could result in a recovery of up to approximately 50¢ on the dollar for the Affected Claims versus the alternative, which is a nil recovery if the Proposal is rejected and the Company becomes bankrupt. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · cents on dollar: 50 · claims qualifier: unstated · stated on: 2020-08-07 · table missing: