Quebec · Proposal
Trustee’s Report on Financial Situation and Amended Proposal – dated May 16, 2008
Court officer report · 16 May 2008
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: ii) Preferred Creditors (NIL) · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In final and complete settlement of its unsecured claim of $3,848,075, the FSTQ will be paid the sum of $500,000, without interest, within one hundred eighty (180) days following the approval of the Amended Proposal; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 500000 · amount high: 500000 · class label: FSTQ · claims amount: 3848075 · creditor name: FSTQ · interim final: unstated · claims qualifier: asserted; basis: plan · quote: i) the lesser of a) 100% of their proven claims, without interest, and · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · amount low: 10000 · amount high: 10000 · class label: Unsecured Creditors (other than FSTQ) · interim final: unstated · conditional on: the lesser of a) 100% of their proven claims, without interest, and b) $10,000, plus their pro rata and pari passu share of the balance of their proven claim, if any, in eight equal instalments · claims qualifier: unstated; basis: liquidation_alternative · quote: Therefore, we believe that no funds would be available in a bankruptcy scenario for distribution to 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: 2008-05-16 · table missing: The estimated distribution under the Amended Proposal is summarized as follows: