Alberta · Bankruptcy
Second Report of the Court Appointed Trustee
Court officer report · 1 March 2013
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: The Interim Distribution represented a payment of approximately 18% of the proven unsecured claims at that time. · pct of: proven_claims · outcome: distribution · pct low: 18 · pct high: 18 · class key: unsecured · stated by: trustee · amount low: 198092 · cumulative: false · amount high: 198092 · class label: proven ordinary unsecured creditors (Interim Distribution) · interim final: interim · claims qualifier: unstated; basis: plan · quote: Should the S. 38 Settlement Proposal not be approved and the S. 38 Action be successful (resulting in the BC Claim being disallowed in full or in part), the ordinary unsecured creditors may be eligible to receive a higher dividend (of up to 100 cents on the dollar, depending on level of success of the Participating Creditors and further costs of administration of the estate) as compared to the total dividends of approximately 32 cents on the dollar which are contemplated in the event that the S. 38 Settlement Proposal is approved by the Court. · pct of: unstated · outcome: distribution · pct low: 32 · pct high: 32 · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors (S. 38 Settlement Proposal approved) · interim final: unstated · conditional on: S. 38 Settlement Proposal approved by the Court · cents on dollar: 32 · claims qualifier: unstated; basis: estimated · quote: Should the S. 38 Settlement Proposal not be approved and the S. 38 Action be successful (resulting in the BC Claim being disallowed in full or in part), the ordinary unsecured creditors may be eligible to receive a higher dividend (of up to 100 cents on the dollar, depending on level of success of the Participating Creditors and further costs of administration of the estate) as compared to the total dividends of approximately 32 cents on the dollar which are contemplated in the event that the S. 38 Settlement Proposal is approved by the Court. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: ordinary unsecured creditors (S. 38 Action successful, BC Claim disallowed) · interim final: unstated · conditional on: S. 38 Action successful and BC Claim disallowed in full or in part · cents on dollar: 100 · claims qualifier: unstated; basis: estimated · quote: In the case of Scenario 3, where the S. 38 Action results in the BC Claim being disallowed in full, the Participating and the Non-Participating Creditors would be paid in full. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: Participating Creditors (Scenario 3) · interim final: unstated · conditional on: S. 38 Action results in BC Claim disallowed in full · claims qualifier: unstated; basis: estimated · quote: In the case of Scenario 3, where the S. 38 Action results in the BC Claim being disallowed in full, the Participating and the Non-Participating Creditors would be paid in full. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · class label: Non-Participating Creditors (Scenario 3) · interim final: unstated · conditional on: S. 38 Action results in BC Claim disallowed in full · claims qualifier: unstated; basis: unstated · quote: | Amount available for distrlbution to Invesco pursuant to the BC Claim | 910,397 | 23% | 1,096,113 | 28% | | 0% | 2&3 | · pct of: unstated · outcome: distribution · pct low: 23 · pct high: 23 · class key: secured · stated by: trustee · amount low: 910397 · amount high: 910397 · class label: Invesco (BC Claim) — Scenario 1 · creditor name: Invesco Mortgage Inc. · interim final: unstated · conditional on: Scenario 1: S. 38 Settlement Proposal approved · claims qualifier: unstated; basis: unstated · quote: | Amount avallable for distribution to the Partlclpating Creditors | 273,785 | 100% | 88,069 | 32% | 273,785 | 100% | 3 | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · amount low: 273785 · amount high: 273785 · class label: Participating Creditors — Scenario 1 · interim final: unstated · conditional on: Scenario 1: S. 38 Settlement Proposal approved · claims qualifier: unstated; basis: unstated · quote: | Amount available for distribution to the Non-Participating Creditors | 311,861 | 32% | 311,861 | 32% | 969,499 | 100% | 3 | · pct of: unstated · outcome: distribution · pct low: 32 · pct high: 32 · class key: unsecured · stated by: trustee · amount low: 311861 · amount high: 311861 · class label: Non-Participating Creditors — Scenario 1 · interim final: unstated · conditional on: Scenario 1: S. 38 Settlement Proposal approved · claims qualifier: unstated · stated on: 2013-03-01 · table missing: