Quebec · NOI
Report of Trustee on Proposal – dated February 5, 2014
Court officer report · 5 February 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Crown Claims, which shall be limited to the claims of Her Majesty in right of Canada or a province described in subsection 60(1.1) of the Act that were outstanding on the Date of the Proposal, shall be paid in full, within six (6) months of the approval of the Proposal by the Court, or as may otherwise be arranged with the Crown; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employees Claims, if any, will be paid in full, immediately after the approval by the Court of ● the Proposal. · pct of: unstated · outcome: paid_in_full · stated by: trustee · class label: Employees Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Professional Fees shall be paid in full by the Debtor in the normal course of business; ● · pct of: unstated · outcome: paid_in_full · stated by: trustee · class label: Professional Fees · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims shall be paid, without interest or penalty, in full, in priority to all claims of Ordinary Unsecured Creditors upon approval of the Proposal by the Court or as may be otherwise arranged with the Preferred Creditors or in accordance with clause 2 hereof if such Preferred Claim is also an Employee's Claim. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on Management's representations and the aggregate amount of the Unsecured Claims, as reflected in the Debtor's statement of affairs, at the present time, we estimate that the funds of $300K available for distribution to Ordinary Unsecured Creditors would represent an estimated recovery of 12% of Unsecured Claims, as follows: · pct of: unstated · outcome: distribution · pct low: 12 · currency: CAD · pct high: 12 · class key: unsecured · stated by: trustee · amount low: 300000 · amount high: 300000 · class label: Ordinary Unsecured Creditors · interim final: unstated · currency quote: In $ CDN · claims qualifier: unstated; basis: liquidation_alternative · quote: | Distribution to Unsecured Creditors | | | $NIL | | · pct of: unstated · outcome: nil · currency: CAD · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · currency quote: In $ CDN · claims qualifier: unstated · stated on: 2014-01-10 · table missing: