Alberta · Proposal
Form 40 – Report on Proposal
Court officer report · undated
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: a significant portion of the Purchase Price (~90%) will be paid to the Supporting Creditors in full satisfaction of their secured claims (the " Supporting Creditor Payments "). · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Supporting Creditors (Secured Creditors) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proposal Trustee estimates that the pro rata distribution could result in recoveries of approximately 8% to 13%, subject to the number of Convenience Claims and the value of the Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 8 · pct high: 13 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (Proven Claims, not Convenience Claims) · interim final: unstated · conditional on: subject to the number of Convenience Claims and the value of the Proven Claims · claims qualifier: unstated; basis: plan · quote: The remaining unpaid balance of the Supporting Creditors' Claims, after making the Supporting Creditor Payments, will constitute an unsecured deficiency claim in favor of the Proposal, but with no entitlement to a distribution under the Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Supporting Creditors (unsecured deficiency claim) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: As demonstrated under both scenarios, it is demonstrated that unsecured creditors would receive no recovery in a liquidation scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: