What we verified from this filing4 verified
- operational summaryThe report covers a creditor meeting held to vote on the Plan of Compromise and Arrangement, which was accepted by both secured and unsecured creditor classes; the Monitor now recommends Court approval of the Plan.
- recovery outcomeentries: basis: estimated · quote: 39. Based on the amount of Unsecured Creditor Claims received by the Monitor, the estimated pro-rata dividend to Unsecured Creditors is in the range of 4.5 to 5 cents on the dollar of Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 4.5 · pct high: 5 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: 50. Accordingly, Unsecured Creditors would receive no dividend in a bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $2,060,600.00 secured claim $1,914,001.93 shortfall secured claim · pct of: unstated · outcome: shortfall · class key: secured · stated by: unstated · class label: Royal Bank of Canada · claims amount: 2060600 · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: listed · shortfall amount: 1914001.93 · stated on: 2023-06-16 · table missing:
- report date26 June 2023
- report noSixth Report