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What we verified from this filing3 verified
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- commencement date13 April 2023
- recovery outcomeentries: basis: plan · quote: Convenience Creditor Claims will be paid in full from the Sponsor Funds. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Convenience Creditor Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors with Proven Claims will be paid their proportionate share of the balance of the Sponsor Funds after deducting Convenience Creditor Claims. · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors with Proven Claims · interim final: unstated · conditional on: prorated share of the balance of the Sponsor Funds after deducting Convenience Creditor Claims · claims qualifier: unstated; basis: plan · quote: Preferred Creditors, if any, are to be paid, in full by the Sponsor, outside of the Proposal in accordance with the scheme of distribution as set out in section 136 of the Act . · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · conditional on: paid by the Sponsor outside of the Proposal · claims qualifier: unstated; basis: plan · quote: Immediately following the Effective Date, the Sponsor will pay in full and outside of the Proposal, all proven Employee Preferred Claims, if any, pursuant to subsection 60(1.3) of the Act . · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Preferred Claims · interim final: unstated · conditional on: paid by the Sponsor outside of the Proposal · claims qualifier: unstated; basis: plan · quote: No payment shall be made out of the Sponsor Funds, or in respect of this Proposal, to Related Parties, to Existing Equity Holders, to Sigma, or to any Affiliate of the foregoing parties. · pct of: unstated · outcome: nil · class key: equity · stated by: proposal_trustee · class label: Related Parties, Existing Equity Holders and Sigma · interim final: unstated · related party: true · claims qualifier: unstated; basis: liquidation_alternative · quote: Due to the significant debt owed to 782, there would be no funds available for distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-05-18 · table missing: