Ontario · Winding-up (provincial)

Ontario Tire Stewardship Wind Up Plan - Surplus Funds Addendum March 3, 2021.pdf

Plan of arrangement / compromise · 3 March 2021

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: The Liquidator's Proposal is to recommend an interim distribution of $12 million to the stewards in PLT - Class 1, which the Liquidator considers appropriate given resolution to the HST Liability will take some time and taking into account claims and future expenses related to the liquidation proceedings. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 12000000 · cumulative: false · amount high: 12000000 · class label: stewards in PLT - Class 1 · interim final: interim · conditional on: once the notice of reassessment from CRA has been reviewed and requisite approvals are received · claims qualifier: unstated · stated on: 2021-03-03 · table missing: