Alberta · NOI
Report of Trustee on Proposal, dated November 24, 2020
Court officer report · 24 November 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: As illustrated above, under the current proposal scenario and based on the quantum of the Estimated Proven Claims of $1,881,249, Affected Creditors (excluding the Related Party Creditor) are estimated to receive an average distribution of approximately 19.1% on their Proven Claims and 18 creditors are estimated to be paid in full (less the OSB levy in both instances). · pct of: proven_claims · outcome: distribution · pct low: 19.1 · pct high: 19.1 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors (excluding the Related Party Creditor) · claims amount: 1881249 · interim final: unstated · related party: false · claims qualifier: estimated; basis: liquidation_alternative · quote: Conversely, the Proposal Trustee estimates that, in a bankruptcy scenario, creditors may receive recoveries in the approximate range of 1.3% - 2.3% based on the assumptions illustrated above. · pct of: unstated · outcome: distribution · pct low: 1.3 · pct high: 2.3 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors (in a bankruptcy scenario) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Company's preliminary calculations, the CF Landlords, who hold aggregate claims of $910,102.56, are anticipated to receive an aggregate distribution of approximately $151,111 under the Proposal (net of the OSB Levy). · pct of: unstated · outcome: distribution · class key: landlord · stated by: proposal_trustee · amount low: 151111 · cumulative: true · amount high: 151111 · class label: CF Landlords (Laval, D'Anjou and Ontrea) · claims amount: 910102.56 · creditor name: CF Landlords · interim final: unstated · claims qualifier: asserted · stated on: 2020-11-24 · table missing: