Quebec · NOI
Trustee's Preliminary Report to Creditors
Court officer report · 26 August 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- closing confirmedscope: all the assets of 9421 · outcome: completed · effective: 2020-06-26 · date basis: stated · approval order date: 2020-06-26
- financial positionnote: No assets have been presented in the summary of assets and liabilities given the Transaction; unsecured creditors figure includes known trade creditors plus remaining unsecured balance of secured creditors' debts after the Transaction. · as at: 2020-08-08 · basis: unaudited Statement of Affairs (estimated net realization value) · scope: entity-level, 9421-4442 Québec Inc. (Debtor), post-Transaction · currency: CAD · total assets: 0 · total liabilities: 29788460
- purchaserprice: note: Report states the approval of the Transaction confirmed a loss of approximately $27 million for the secured creditors; sale price itself not stated · sealed: false · currency: CAD · scope: the sale of the assets of 9421 · status: closed · name note: unnamed strategic partner/investor buyer of assets under the Transaction · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Due to the Transaction and following the significant losses incurred by the secured creditors, the Trustee is of the opinion that a distribution to unsecured creditors is highly unlikely, if not zero. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-08-26 · table missing:
- sale outcometext: The Court approved the sale of the assets of 9421, resulting in a loss of approximately $27 million for secured creditors. · scope: whole_business · status: closed