Ontario · NOI
Creditors Package – Proposal
Meeting materials · 16 June 2020
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What we verified from this filing2 verified
- financial positionnote: Document also states total debt of approximately $10.4 million (FY2018, year ended March 31, 2018) and $12.3 million (FY2019, year ended March 31, 2019); no total assets figure is stated anywhere in the document. · as at: 2019-12-31 · basis: unaudited financial statements · scope: entity - 1348441 Ontario Inc. o/a Solutions Your Organized Living Store · currency: CAD · total liabilities: 12900000
- recovery outcomeentries: basis: plan · quote: Pursuant to the Proposal, proven Crown Priority Claims will be paid in full, with only payment of Administrative Fees and Expenses and the Bankruptcy Reserve being paid in priority to such amounts. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims, if any, shall vote as part of the Unsecured Creditor class and \will be paid in full without interest out of the Funded Proposal Payments, in priority to all claims of Unsecured Creditors in accordance with the scheme of distribution set forth in the BIA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors shall vote as a class and will be paid from the Funded Proposal Payments on a pro rata basis as provided for in paragraph 16 of the Proposal and summarized below. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: The lesser of 20% of the value of the Proven Claims and $200,000, paid over three years · claims qualifier: unstated · stated on: 2020-06-09 · table missing: