Interim receivership
Proposal – dated June 16, 2014
Proposal document · 16 June 2014
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: owing to Her Majesty in Right of Canada or a Province that could be subject to a demand under Section 224(1.2) of the Income Tax Act (Canada), or under any substantially similar provision of provincial legislation, outstanding at the Filing Date, will be paid in full within six (6) months after Approval; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: owing to employees and former employees, that they would have been entitled to receive under Paragraph 136(1)(d) of the ACT if the Company became bankrupt on the date of the Approval, will be paid in full within thirty (30) days following Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Preferred Claims will be paid in full, without any interest whatsoever, in priority to all claims of Ordinary Claims within thirty (30) days following Approval of the Proposal by the Court or in accordance with agreements which may be concluded between the Debtor and any such Preferred Creditor. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In full and final settlement of all the claims of the Ordinary Creditors, including claims of every nature and kind whatsoever, whether due or not due for payment as of the Filing Date, including contingent or unliquidated claims arising out of any transaction entered into by the Company prior to the date thereof, the Company shall pay to the Trustee the amount of $50,000.00 (FIFTY THOUSAND DOLLARS), within thirty (30) days following Approval of the Proposal by the Court. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 50000 · amount high: 50000 · class label: Ordinary Creditors · interim final: unstated · claims qualifier: unstated · table missing: