Quebec · NOI
Report of the Trustee on the Financial Situation of the Debtor and on the Proposal – dated April 4, 2008
Court officer report · 4 April 2008
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: It is estimated that the Proposal would provide the creditors with a dividend of approximately $0.30 on the dollar to the Unsecured Creditors as presented in the Statement of Affairs, compared to an estimated dividend of nil in the event of a bankruptcy. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors as presented in the Statement of Affairs · interim final: unstated · cents on dollar: 30 · claims qualifier: unstated; basis: liquidation_alternative · quote: It is estimated that the Proposal would provide the creditors with a dividend of approximately $0.30 on the dollar to the Unsecured Creditors as presented in the Statement of Affairs, compared to an estimated dividend of nil in the event of a bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors as presented in the Statement of Affairs (bankruptcy scenario) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Unsecured Claims 3 | 30,427 | 9,000 | · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 9000000 · amount high: 9000000 · class label: Unsecured Claims · claims amount: 30427000 · interim final: unstated · conditional on: $9 million paid in four instalments through February 10, 2011; creditors with claims over $1,000 may elect to be reduced to $1,000 and receive a one-time payment · claims qualifier: listed · stated on: 2008-04-04 · table missing: