Alberta · NOI
Application for Court Approval of Proposal – filed September 24, 2019
Application / notice of application · 24 September 2019
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: On August 16, 2019, the Company filed its proposal (the "Proposal") with the Proposal Trustee, a key term of which is that unsecured creditors will receive 100% of their accepted proven claims in accordance with a prescribed payment schedule. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · conditional on: in accordance with a prescribed payment schedule · claims qualifier: unstated; basis: plan · quote: The further grounds set out in the Proposal Trustee's Report pursuant to sections 58(d) and 59(1) of the BIA, including but not limited to the fact that the Amended Proposal contemplates 100% payment of the proven claims of the general body of unsecured creditors within two years or less. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: general body of unsecured creditors · interim final: unstated · conditional on: within two years or less · claims qualifier: unstated · table missing: