Alberta · NOI
Report of Trustee on Proposal - June 15, 2018.pdf
Court officer report · 15 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Crown Claims, as defined in the Proposal, are to be paid in full in cash directly by the Companies on or before July 31, 2018, or such date as agreed by the CRA, provided it is no later than 6 months following approval of the Proposal by the Court. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: Crown Claims · claims amount: 960793 · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The claims of Preferred Creditors shall be paid in full in cash, without interest or penalty, and subject to the Superintendent's Levy, in priority to the claims of Ordinary Unsecured Creditors. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on Companies' records as at the NOIs, the projected distribution to Affected Creditors is approximately 45% of their claim. · pct of: unstated · outcome: distribution · pct low: 45 · pct high: 45 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · claims amount: 1676000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: Based upon our analysis herein, the Proposal appears to be advantageous to the Affected Creditors, largely as the distribution within the Proposal to Affected Creditors (estimated to be 45%) is in excess of the estimated distribution to Affected Creditors within a liquidation scenario (estimated to range from 0% to 17%). · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 17 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2018-05-04 · table missing: