Alberta · Proposal
Court Filed March 3, 2023 - Form 40 Report of Trustee on Proposal
Court officer report · 3 March 2023
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What we verified from this filing4 verified · 1 withheld
- cash on handamount: 25000 · currency: CAD
- operational summaryBR Capital LP's proposal, arising from COVID-19-related contract cancellations and overleverage, would issue units to creditors in exchange for extinguishing unsecured claims, allowing the company to continue operating with potential future distributions; if rejected, the group would become bankrupt with no anticipated recovery for creditors.
- recovery outcomeentries: basis: liquidation_alternative · quote: If the BR Capital Group becomes bankrupt, the estimated recovery for the affected creditors would be zero. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: if the BR Capital Group becomes bankrupt · claims qualifier: unstated · stated on: 2023-02-27 · table missing:
- report date27 February 2023
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.