Alberta · Proposal
Proposal, filed May 5, 2016
Proposal document · 5 May 2016
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 filing6 verified
- courtIN THE COURT OF QUEEN'S BENCH OF ALBERTA
- provinceALBERTA
- statutory basisPart III, Division 1 of the Bankruptcy and Insolvency Act
- appointeeErnst & Young Inc.
- appointee roleTrustee
- recovery outcomeentries: basis: plan · quote: a) to the preferred creditors of EmberClear, if any, in full; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred creditors of EmberClear · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (a) accepting payment of $0.10 per $1.00 of proven claim in cash (the "Cash Option"); or · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · class label: unsecured creditors of EmberClear (Cash Option) · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated; basis: plan · quote: (b) choosing to receive a Note issued in an amount equal to $0.70 per $1.00 of proven claim (the "Note Option"). · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: unsecured creditors of EmberClear (Note Option) · interim final: unstated · claims qualifier: unstated · table missing: