British Columbia · Proposal
Notice to Creditors - True Leaf Brands
Notice to creditors · 8 October 2020
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: Creditors with Priority Claims in accordance with the applicable provisions of the BIA, will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Priority Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on the Unsecured Creditor Claims known to the Proposal Trustee at this time, it is anticipated that the Funds for Distribution will be sufficient to pay all Unsecured Creditor Claims approximately 9 cents on the dollar, less the applicable levy as indicated in the previous paragraph. · pct of: unstated · outcome: distribution · pct low: 9 · pct high: 9 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 958000 · interim final: unstated · conditional on: In the event that the Unsecured Creditors vote to accept the Proposal and all of the conditions precedent in Article V of the Proposal are satisfied · cents on dollar: 9 · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, in a bankruptcy the expected distribution to the Unsecured Creditors would be NIL. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-10-07 · table missing: