Ontario · NOI
Motion Record of the Proposal Trustee returnable August 31, 2023
Application / notice of application · 31 August 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: A recovery of approximately 44% for Unsecured Creditors was estimated in the Report to Creditors based on: (i) the full amount of the PGH Litigation Funds being paid to the Company; (ii) an estimated $500,000 of additional advances under the DIP Facility; and (iii) the Unsecured Claims being approximately $10,450,000. · pct of: unstated · outcome: distribution · pct low: 44 · pct high: 44 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 10450000 · interim final: unstated · conditional on: Recoveries for Unsecured Creditors under the Proposal are contingent on the Proposal Trustee's receipt of PGH Litigation Funds · claims qualifier: estimated; basis: estimated · quote: Since the date of the Report to Creditors, the Cost Award was issued and the estimated distribution to creditors increased correspondingly to approximately 53% of the claims, subject to the factors noted above. · pct of: unstated · outcome: distribution · pct low: 53 · pct high: 53 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: Recoveries for Unsecured Creditors under the Proposal are contingent on the Proposal Trustee's receipt of PGH Litigation Funds · claims qualifier: unstated · stated on: 2023-08-18 · table missing: