Ontario · Receivership (court-appointed)
Book of Authorities -Motion for Direction on Appeal returnable February 11 2019- dated January 31 2019
Application / notice of application · 31 January 2019
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Here, it is conceded by the respondents that the preferred shareholders will likely receive approximately 40 cents on the dollar of their initial investment. · pct of: unstated · outcome: distribution · pct low: 40 · pct high: 40 · class key: equity · stated by: unstated · class label: preferred shareholders · interim final: unstated · cents on dollar: 40 · claims qualifier: unstated; basis: unstated · quote: The respondents submit that in the circumstances of this case, there is going to be recovery of 100% to all creditors, including unsecured creditors, and that accordingly there will be no monetary loss to the creditors. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: unstated · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: They recovered 52.3% of their claim just prior to Enroute filing a notice of intention to make a proposal under the Bankruptcy and Insolvency Act , R.S.C. 1985, c. B-3 (the " BIA "). · pct of: unstated · outcome: distribution · pct low: 52.3 · pct high: 52.3 · class key: unsecured · stated by: unstated · class label: unsecured creditors (Enroute Imports) · claims amount: 65000 · interim final: unstated · claims qualifier: unstated · table missing: