Nova Scotia · Receivership (court-appointed)
Update Report of the Proposal Trustee (re CRA’s amended claim)
Court officer report · 29 January 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Proven Claims up to $250.00 will be paid in full; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Proven Claims up to $250.00 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Claims between $250.00 and $1,000.00 will receive $250.00; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 250 · amount high: 250 · class label: Proven Claims between $250.00 and $1,000.00 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Claims over $1,000.00 will receive $250.00 and up to 25 cents on the dollar of the value of the Excess Proven Claim (the ' Pro Rata Share '), subject to the Proposal Fund Maximum. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: proposal_trustee · amount low: 250 · amount high: 250 · class label: Proven Claims over $1,000.00 (Excess Proven Claim) · interim final: unstated · conditional on: $250.00 plus up to 25 cents on the dollar of the Excess Proven Claim, subject to the Proposal Fund Maximum · cents on dollar: 25 · claims qualifier: unstated; basis: estimated · quote: The Proposal Trustee estimates that, all else being equal, the Pro Rata Share would be reduced to 14 cents on the dollar if the Amended CRA Claim was admitted in full. · pct of: unstated · outcome: distribution · pct low: 14 · pct high: 14 · class key: unsecured · stated by: proposal_trustee · class label: Proven Claims over $1,000.00 (Excess Proven Claim, reduced Pro Rata Share) · interim final: unstated · conditional on: if the Amended CRA Claim was admitted in full · cents on dollar: 14 · claims qualifier: unstated; basis: liquidation_alternative · quote: The Proposal will lead to a distribution to Unsecured Creditors, in comparison to receiving no distribution in the alternative; · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: