Ontario · NOI

Notice of Proposal to Creditors – Creditors Package

Meeting materials · 20 December 2019

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What we verified from this filing98 verified

financial positionnote: Secured $1,710,183.67, Preferred Nil, Unsecured $4,004,774.60 per Statement of Affairs; deficiency scenario · page: 5 · as at: 2019-12-11 · basis: Statement of Affairs estimate; Trustee notes this is merely an estimate accounting for projected realizations and does not include costs of realization; no security opinion obtained by Proposal Trustee on validity of secured creditors' security · scope: Kirkland Lake Forest Products Inc. (entity level) · currency: CAD · total assets: 1312001 · total liabilities: 5714958.27
secured creditorsnote: Affected Secured Creditor per Proposal 2.3 · page: 10 · as of: 2019-12-20 · amount: 736263.02 · debtor: Kirkland Lake Forest Products Inc. · creditor: Northern Ontario Heritage Fund Corp. · currency: CAD
secured creditorsnote: Unaffected Secured Creditor (operating lender) per Proposal 2.1 · page: 10 · as of: 2019-12-20 · amount: 199999 · debtor: Kirkland Lake Forest Products Inc. · creditor: RBC Royal Bank · currency: CAD
secured creditorsnote: Affected Secured Creditor per Proposal 2.3 · page: 10 · as of: 2019-12-20 · amount: 86472.45 · debtor: Kirkland Lake Forest Products Inc. · creditor: South Temiskaming Community Futures Development Corporation · currency: CAD
secured creditorsnote: Amount appears nominal/registration placeholder · page: 10 · as of: 2019-12-20 · amount: 1 · debtor: Kirkland Lake Forest Products Inc. · creditor: Kirkland Lake Engineered Wood Products Inc. · currency: CAD
secured creditorsnote: Amount appears nominal/registration placeholder · page: 10 · as of: 2019-12-20 · amount: 1 · debtor: Kirkland Lake Forest Products Inc. · creditor: CWB. Maximum Financial Inc. · currency: CAD
secured creditorsnote: Amount appears nominal/registration placeholder · page: 10 · as of: 2019-12-20 · amount: 1 · debtor: Kirkland Lake Forest Products Inc. · creditor: Franklin International, Inc. · currency: CAD
secured creditorsnote: Affected Secured Creditor per Proposal 2.3 · page: 10 · as of: 2019-12-20 · amount: 394898 · debtor: Kirkland Lake Forest Products Inc. · creditor: Kirkland & District Community Development Corporation · currency: CAD
secured creditorsnote: Affected Secured Creditor per Proposal 2.3 · page: 10 · as of: 2019-12-20 · amount: 255784.22 · debtor: Kirkland Lake Forest Products Inc. · creditor: Temfund (Temiskaming Development Fund Corporation) · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 925.48 · debtor: Kirkland Lake Forest Products Inc. · creditor: 2614485 Ontario Inc. o/a MCS · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 35898.75 · debtor: Kirkland Lake Forest Products Inc. · creditor: Algonquin Industrial Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 247.17 · debtor: Kirkland Lake Forest Products Inc. · creditor: Bell Mobility Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 5131.95 · debtor: Kirkland Lake Forest Products Inc. · creditor: Air Liquide Canada Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2501.82 · debtor: Kirkland Lake Forest Products Inc. · creditor: B/R Rubber Services Sudbury Ltd. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 27450.98 · debtor: Kirkland Lake Forest Products Inc. · creditor: 9144-8720 Quebec Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 75394.36 · debtor: Kirkland Lake Forest Products Inc. · creditor: 9280-9623 Quebec Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 59040.89 · debtor: Kirkland Lake Forest Products Inc. · creditor: 9314-8849 Quebec Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1695 · debtor: Kirkland Lake Forest Products Inc. · creditor: Aaron Transport · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2715.22 · debtor: Kirkland Lake Forest Products Inc. · creditor: Acier Leroux · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1175.51 · debtor: Kirkland Lake Forest Products Inc. · creditor: Acklands Grainger Inc. · currency: CAD
unsecured creditorspage: 10 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 623.08 · debtor: Kirkland Lake Forest Products Inc. · creditor: ADT Canada Inc. · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1420872.08 · debtor: Kirkland Lake Forest Products Inc. · creditor: Eacom - Note · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 5650 · debtor: Kirkland Lake Forest Products Inc. · creditor: EnPowered · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 3573.73 · debtor: Kirkland Lake Forest Products Inc. · creditor: BID Group Technologies Ltd. · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 404.54 · debtor: Kirkland Lake Forest Products Inc. · creditor: Byer's Precision Machining Inc. · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 767.84 · debtor: Kirkland Lake Forest Products Inc. · creditor: Cain Safety Fire Protection Inc. · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 15432.11 · debtor: Kirkland Lake Forest Products Inc. · creditor: Calibratek Inc. · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 11989.87 · debtor: Kirkland Lake Forest Products Inc. · creditor: Canada Clean Fuels · currency: CAD
unsecured creditorsnote: Individual creditor; shares address with director Claude Perron - possible related party · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 100000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Chantal Beliveau · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1267.66 · debtor: Kirkland Lake Forest Products Inc. · creditor: Chess Controls · currency: CAD
unsecured creditorsnote: Related party: Claude Perron is a Director of the Company · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 10813.24 · debtor: Kirkland Lake Forest Products Inc. · creditor: Claude Perron - Expenses · currency: CAD
unsecured creditorsnote: Related party: Claude Perron is a Director of the Company; promissory note · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 68881.03 · debtor: Kirkland Lake Forest Products Inc. · creditor: Claude Perron - Note · currency: CAD
unsecured creditorsnote: Related party: Claude Perron is a Director/shareholder of the Company · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 30000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Claude Perron - Shareholder Advance · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 7076.69 · debtor: Kirkland Lake Forest Products Inc. · creditor: Corinne's Top to Bottom Cleaning Services · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 11659.71 · debtor: Kirkland Lake Forest Products Inc. · creditor: Bergeron-Maybois · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 86.11 · debtor: Kirkland Lake Forest Products Inc. · creditor: Epitron Inc. · currency: CAD
unsecured creditorsnote: Quasi-governmental claim (Canada Revenue Agency) · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 103389.81 · debtor: Kirkland Lake Forest Products Inc. · creditor: CRA - Tax - Ontario (BN: 75865112) · currency: CAD
unsecured creditorsnote: Quasi-governmental claim (Canada Revenue Agency) · page: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 94108.08 · debtor: Kirkland Lake Forest Products Inc. · creditor: CRA - Tax - Ontario (75865112RT0001) · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1722.26 · debtor: Kirkland Lake Forest Products Inc. · creditor: Demora · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 451.24 · debtor: Kirkland Lake Forest Products Inc. · creditor: Dicom Express · currency: CAD
unsecured creditorspage: 11 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 6984.54 · debtor: Kirkland Lake Forest Products Inc. · creditor: DK-Spec Inc. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 12567.69 · debtor: Kirkland Lake Forest Products Inc. · creditor: Goldbelt Tire & Supply LTD. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 316602 · debtor: Kirkland Lake Forest Products Inc. · creditor: Fednor · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 275 · debtor: Kirkland Lake Forest Products Inc. · creditor: Ferguson Highway Waste Services Board · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 900 · debtor: Kirkland Lake Forest Products Inc. · creditor: Fortier Beverages LTD. · currency: CAD
unsecured creditorsnote: Also listed as Secured creditor for nominal $1.00 · page: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 21761.42 · debtor: Kirkland Lake Forest Products Inc. · creditor: Franklin International, Inc. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 323.7 · debtor: Kirkland Lake Forest Products Inc. · creditor: Freedom Vending · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 20000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Gestion Forestiere Abitibi Inc. · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 59040.89 · debtor: Kirkland Lake Forest Products Inc. · creditor: Gestion Gaetan Gagne Inc. - Note · currency: CAD
unsecured creditorsnote: Related party: shareholder advance · page: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 20000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Gestion Gaetan Gagne Inc. - Shareholder Advance · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 236.42 · debtor: Kirkland Lake Forest Products Inc. · creditor: Grand & Toy · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 150.74 · debtor: Kirkland Lake Forest Products Inc. · creditor: Grant Home Hardware Building Centres LTD. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 24937.69 · debtor: Kirkland Lake Forest Products Inc. · creditor: Grant Thorton · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 192332.73 · debtor: Kirkland Lake Forest Products Inc. · creditor: Grant's Transport LTD. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 55783.39 · debtor: Kirkland Lake Forest Products Inc. · creditor: Henkel Canada Corporation c/o 912360 · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 14946.25 · debtor: Kirkland Lake Forest Products Inc. · creditor: Henry Fiset and Sons Ltd. · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 176881.42 · debtor: Kirkland Lake Forest Products Inc. · creditor: Hydro One Networks Inc. (Mill) · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 791 · debtor: Kirkland Lake Forest Products Inc. · creditor: Jordash Trucking & Equipment · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 52.22 · debtor: Kirkland Lake Forest Products Inc. · creditor: Kal Tire · currency: CAD
unsecured creditorspage: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 10193.71 · debtor: Kirkland Lake Forest Products Inc. · creditor: Lavery, De Bily, S.E.N.C.R.L · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 12 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 38776.58 · debtor: Kirkland Lake Forest Products Inc. · creditor: Lavery, De Bily, S.E.N.C.R.L - Note · currency: CAD
secured creditorsnote: Unaffected Secured Creditor to the extent of letter of credit in its favour, per Proposal 2.1 · page: 13 · as of: 2019-12-20 · amount: 1 · debtor: Kirkland Lake Forest Products Inc. · creditor: Ministry of the Environment · currency: CAD · security: letter of credit
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 11704.9 · debtor: Kirkland Lake Forest Products Inc. · creditor: Les Bois D'oeuvre Beaudoin Gauthier · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 286210.25 · debtor: Kirkland Lake Forest Products Inc. · creditor: Les Bois D'oeuvre Beaudoin Gauthier - Note · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 36565.45 · debtor: Kirkland Lake Forest Products Inc. · creditor: Les Conceptions R.P. Inc. · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 125.4 · debtor: Kirkland Lake Forest Products Inc. · creditor: Manitoulin Transport · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 4547.5 · debtor: Kirkland Lake Forest Products Inc. · creditor: Manulife Financial · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 4237.5 · debtor: Kirkland Lake Forest Products Inc. · creditor: Michel Maille Transport Inc. · currency: CAD
unsecured creditorsnote: Quasi-governmental claim (provincial tax authority) · page: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2739.41 · debtor: Kirkland Lake Forest Products Inc. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes · currency: CAD
unsecured creditorsnote: Quasi-governmental claim (provincial tax authority) · page: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 7407.69 · debtor: Kirkland Lake Forest Products Inc. · creditor: Ministry of Finance - ON PST, EHT & Other Taxes (BN: 75865112) · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 13287.43 · debtor: Kirkland Lake Forest Products Inc. · creditor: Neksys Inc. · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 3154.18 · debtor: Kirkland Lake Forest Products Inc. · creditor: North Star (1984) Plumbing and Heating · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 447.1 · debtor: Kirkland Lake Forest Products Inc. · creditor: North Star Linen & Uniform Services Inc. · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 6598.31 · debtor: Kirkland Lake Forest Products Inc. · creditor: Northern Allied Supply · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2578.07 · debtor: Kirkland Lake Forest Products Inc. · creditor: NorthernTel L.P. · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 6539.31 · debtor: Kirkland Lake Forest Products Inc. · creditor: NorthPoint Technical Services · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 55033.83 · debtor: Kirkland Lake Forest Products Inc. · creditor: Northwind Transport Limited · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2317.89 · debtor: Kirkland Lake Forest Products Inc. · creditor: O.L.M.A. · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 16928.3 · debtor: Kirkland Lake Forest Products Inc. · creditor: Owens Corning Canada LP · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 14965.9 · debtor: Kirkland Lake Forest Products Inc. · creditor: Philippe Rathier - Expenses · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 30000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Philippe Rathier - Note · currency: CAD
unsecured creditorspage: 13 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 7238.55 · debtor: Kirkland Lake Forest Products Inc. · creditor: Les Affuteurs du Nord-Ouest · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2395.6 · debtor: Kirkland Lake Forest Products Inc. · creditor: Poly-Ure Castings Ltd. · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 19684.63 · debtor: Kirkland Lake Forest Products Inc. · creditor: Rayonier A.M. Canada G.P. · currency: CAD
unsecured creditorsnote: Promissory note holder · page: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 290236.45 · debtor: Kirkland Lake Forest Products Inc. · creditor: Rayonier A.M. Canada G.P. - Note · currency: CAD
unsecured creditorsnote: Distinct unsecured claim; also listed as secured creditor (operating lender) for a different amount · page: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 18113.78 · debtor: Kirkland Lake Forest Products Inc. · creditor: RBC Royal Bank · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 6103.52 · debtor: Kirkland Lake Forest Products Inc. · creditor: ReadyQuip · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2574.87 · debtor: Kirkland Lake Forest Products Inc. · creditor: Rocky's Portable Extinguisher Services · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 7476.24 · debtor: Kirkland Lake Forest Products Inc. · creditor: Signode Canada · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2043.16 · debtor: Kirkland Lake Forest Products Inc. · creditor: Sinto Inc. · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 1615.71 · debtor: Kirkland Lake Forest Products Inc. · creditor: Speedy Auto Repair LTD. · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 80.23 · debtor: Kirkland Lake Forest Products Inc. · creditor: Union Gas · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 2809.86 · debtor: Kirkland Lake Forest Products Inc. · creditor: United Steelworkers Local 1-2010 · currency: CAD
unsecured creditorsnote: Individual creditor; shares surname/address pattern with director Claude Perron - possible related party · page: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 3717.08 · debtor: Kirkland Lake Forest Products Inc. · creditor: Vincent Perron · currency: CAD
unsecured creditorspage: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 12346.57 · debtor: Kirkland Lake Forest Products Inc. · creditor: Wajax Industrial Components · currency: CAD
unsecured creditorsnote: Quasi-governmental/regulatory claim · page: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 18466.33 · debtor: Kirkland Lake Forest Products Inc. · creditor: Workplace Safety and Insurance Board · currency: CAD
unsecured creditorsnote: Related party: shareholder advance · page: 14 · as of: 2019-12-20 · basis: Creditor Mailing List claim amount · amount: 30000 · debtor: Kirkland Lake Forest Products Inc. · creditor: Philippe Rathier - Shareholder Advance · currency: CAD
recovery outcomeentries: basis: plan · quote: b. $3,000.00 in full and final satisfaction of its claim. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: trustee · amount low: 3000 · amount high: 3000 · class label: Small Claim Creditors · interim final: unstated · conditional on: Lesser of the amount of the Unsecured Creditor's Proven Claim or $3,000.00 in full and final satisfaction of its claim · currency quote: All amounts in CAD $000's · claims qualifier: unstated; basis: plan · quote: the Affected Secured Creditors will be paid in full when the ETR is received, forecast to be in 2022; and, · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: Affected Secured Creditors · interim final: unstated · conditional on: when the ETR is received, forecast to be in 2022 · claims qualifier: unstated; basis: plan · quote: the Unsecured Creditors will receive $740,000 when the ETR is received in 2022 and after the Affected Secured Creditors are paid. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 740000 · amount high: 740000 · class label: Unsecured Creditors · interim final: unstated · conditional on: when the ETR is received in 2022 and after the Affected Secured Creditors are paid · claims qualifier: unstated; basis: plan · quote: Promissory Note Holders will receive Class C Notes for 25% of the face value of the Promissory Note in full and final satisfaction of the Promissory Note Holders' claim, to be paid after the Class A Notes and the Class B Notes have been paid in full as noted above, to the extent of funds available from the ETR and after payment of the Class A Notes and Class B Notes. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: trustee · class label: Promissory Note Holders · interim final: unstated · conditional on: to be paid after the Class A Notes and the Class B Notes have been paid in full, to the extent of funds available from the ETR · claims qualifier: unstated; basis: plan · quote: The Company covenants and agrees to pay in full all Employee Claims that were outstanding as at the Filing Date. · pct of: unstated · outcome: paid_in_full · stated by: trustee · class label: Employee Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Company covenants and agrees to, within six months after the Effective Date, pay in full all Crown Claims that were outstanding as at the Filing Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Crown Claims · interim final: unstated · conditional on: within six months after the Effective Date · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy scenario, a shutdown of the business and a forced liquidation of the assets by the Secured Creditors would occur and, as noted above, there would be no funds available for the Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-12-20 · table missing: