British Columbia · Proposal
Second Further Amended Proposal dated September 29, 2026
Proposal document · 29 September 2026
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: estimated · quote: Litigation Proceeds in this order of magnitude will provide full or close to full recovery to Affected Creditors, including after satisfaction of the Secured Claims (discussed further below). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · conditional on: depends on Litigation Proceeds from the XCMG Claim, estimated at between $32.5 million and $50 million · claims qualifier: unstated; basis: liquidation_alternative · quote: Given the anticipated quantum of the Company's Crown Claims, it is anticipated that in a bankruptcy any other Creditors would recover nothing in respect of the amounts owing to them. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: any other Creditors · interim final: unstated · conditional on: in a bankruptcy, given the anticipated quantum of the Crown Claims · claims qualifier: unstated · stated on: 2026-09-29 · table missing: