British Columbia · Proposal
Trustee's Report on the Proposal
Court officer report · 6 January 2017
What we verified from this filing6 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- appointeeAlvarez & Marsal Canada Inc.
- appointee roletrustee
- commencement date30 December 2016
- statutory basisPart III, Division I of the Bankruptcy and Insolvency Act (Canada)
- recovery outcomeentries: basis: plan · quote: | Surplus/(Shortfall) to Secured Cre ditors | | $ 643 | | | $ (3,901) | | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: trustee · amount low: 643000 · amount high: 643000 · class label: Secured Claims · creditor name: Secured Creditor Sponsors · interim final: unstated · currency quote: Unless otherwise stated, all monetary amounts contained in this Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: plan · quote: | Consultant's Claim | 157 | 157 | 100% | 157 | | 0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: trustee · class label: Consultant's Claim · claims amount: 157000 · interim final: unstated · currency quote: Unless otherwise stated, all monetary amounts contained in this Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: plan · quote: | Voting Unsecured Creditors | 876 | 486 | 56% | 876 | | 0% | · pct of: unstated · outcome: distribution · pct low: 56 · currency: CAD · pct high: 56 · class key: unsecured · stated by: trustee · class label: Voting Unsecured Creditors · claims amount: 876000 · interim final: unstated · currency quote: Unless otherwise stated, all monetary amounts contained in this Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: plan · quote: | Total Estimated Recovery to Unsecured Creditors | $ 3,527 | $ 643 | 18% | $ 4,934 | $ | 0% | · pct of: unstated · outcome: distribution · pct low: 18 · currency: CAD · pct high: 18 · class key: unsecured · stated by: trustee · amount low: 643000 · amount high: 643000 · class label: Total Estimated Recovery to Unsecured Creditors · claims amount: 3527000 · interim final: unstated · currency quote: Unless otherwise stated, all monetary amounts contained in this Report are expressed in Canadian dollars. · claims qualifier: unstated; basis: liquidation_alternative · quote: However, it is noted that in a bankruptcy scenario, if all of the security of the Secured Creditor Sponsors was invalid and/or unenforceable, the estimated recovery to Voting Creditors (including the unsecured claims of the Secured Creditor Sponsors) would be approximately 64% assuming that $8.2 million could be realized from the Transaction Assets in a bankruptcy scenario. · pct of: unstated · outcome: distribution · pct low: 64 · currency: CAD · pct high: 64 · class key: unsecured · stated by: trustee · class label: Voting Creditors (including the unsecured claims of the Secured Creditor Sponsors) · interim final: unstated · conditional on: if all of the security of the Secured Creditor Sponsors was invalid and/or unenforceable, assuming that $8.2 million could be realized from the Transaction Assets in a bankruptcy scenario · currency quote: Unless otherwise stated, all monetary amounts contained in this Report are expressed in Canadian dollars. · claims qualifier: unstated · stated on: 2016-12-30 · table missing: