Ontario · NOI
Notice of Proposal to Creditors Package – Dated May 26, 2026
Notice to creditors · 26 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- financial positionnote: Asset value 'as of the Filing Date' per Statement of Affairs (event-based date, not a specific calendar date given in this excerpt). Liabilities comprise Mortgage Secured Creditors $1,222,000, other Secured Creditors $189,453, and Unsecured Creditor Claims $1,021,451, per the Trustee's Report; the Trustee states a total of $2,663,604. · basis: Statement of Affairs (unaudited, based on Company management information and January 2024 appraisals); Trustee has not audited or verified the Information · scope: entity - 11959093 Canada Inc. o/a Marmora Retreat · currency: CAD · total assets: 1875000 · total liabilities: 2663604
- recovery outcomeentries: basis: plan · quote: In the Proposal Scenario, Unsecured Creditors are expected to realize a recovery of between 36%-98% of their claims , prior to Administrative Fees and the Superintendent's Levy. · pct of: unstated · outcome: distribution · pct low: 36 · pct high: 98 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Unsecured Creditors could expect an estimated recovery of 19% of their claims prior to Administrative Fees and the Superintendent's Levy. · pct of: unstated · outcome: distribution · pct low: 19 · pct high: 19 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on known creditor claims, the Proposal is likely to provide Unsecured Creditors with dividends (payments) of up to 98% of their Proven Claims (before Administrative Fees and Superintendent's Levy). · pct of: proven_claims · outcome: distribution · pct low: 98 · pct high: 98 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proven Claims of the Preferred Creditors, if any, will be paid in full in priority to the Proven Claims of the Unsecured Creditors in accordance with the BIA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-26 · table missing: