Quebec · NOI
Trustee’s Report on the Financial Situation of the Debtor and on the Proposal – dated December 3, 2010
Court officer report · 3 December 2010
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: plan · quote: The Proposal provides for the Debtor to remit to the Trustee no later than 60 days following the Approval an amount of $20,000 for distribution to Ordinary Creditors in full and final payment of their unsecured claim, without interest or penalty. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 20000 · amount high: 20000 · class label: ordinary unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Electing Creditors will receive a one-time payment to a maximum of $200 from the funds to be remitted by the Company to the Trustee. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Electing Creditors · interim final: unstated · conditional on: per-creditor cap: lesser of $200 or the amount of the Ordinary Claim, one-time payment · claims qualifier: unstated; basis: estimated · quote: All of the Company's capital assets have been pledged in favor of PBI's secured creditor and it appears that there would be no recovery for the ordinary creditors of the Company. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: ordinary creditors of the Company · interim final: unstated · claims qualifier: unstated · stated on: 2010-12-03 · table missing: