Ontario · Receivership (court-appointed)
Receiver's Second Report dated August 9, 2017.pdf
Court officer report · 9 August 2017
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: Within thirty (30) Business Days following the granting of the Approval Order, the Crown Claims (if any) will be paid in full by the Trustee, out of the Proposal Lump Sum with related interest and penalties as prescribed by the applicable laws, regulations and decrees. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Within thirty (30) Business Days following the granting of the Approval Order, the Preferred Claims (if any) will be paid in full by the Trustee, out of the Proposal Lump Sum. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors with proven Ordinary Claims will receive a distribution of a maximum of 5 cents on the dollar, subject to an aggregate maximum amount of $150,000 for payments to the holders of Crown Claims (if any), and Preferred Claims (if any) and to make distributions of the balance to the holders of Ordinary Claims. · pct of: proven_claims · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: trustee · class label: Ordinary Claims · interim final: unstated · conditional on: subject to an aggregate maximum amount of $150,000 · cents on dollar: 5 · claims qualifier: unstated · table missing: