Ontario · CCAA
Motion Record of KSV Restructuring Inc. dated July 26, 2024
Application / notice of application · 26 July 2024
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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 filing9 verified
- counselVineberg LLP
- counselGoodmans LLP
- lawyerMeghan de Snoo
- lawyerMichel Anderson
- lawyerL. Joseph Latham
- lawyerMeghan de Snoo
- lawyerMichel Anderson
- lawyerL. Joseph Latham
- recovery outcomeentries: basis: actual · quote: In light of the fact that the Unsecured Creditors of the Company received only approximately 18.6% of their proven claims, and that there continues to be approximately $40 million in unpaid Unsecured Creditor claims, KSV believes that it is appropriate to pursue the recovery of the Surplus, or as much of it as possible, and to then make a further distribution to the Unsecured Creditors (net of the costs incurred to do so). · pct of: proven_claims · outcome: distribution · pct low: 18.6 · pct high: 18.6 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: KSV will then distribute the remainder of the Surplus to the unsecured creditors of the Bankrupt who have, to date, received less than 19% of their proven claim amounts. · pct of: proven_claims · outcome: distribution · pct low: 19 · pct high: 19 · class key: unsecured · stated by: trustee · cumulative: true · class label: unsecured creditors of the Bankrupt · interim final: unstated · claims qualifier: unstated · stated on: 2024-07-25 · table missing: