Ontario · NOI
Third Report of the Proposal Trustee, Donaldson & James Ltd. and The Agency Employment Services Ltd.
Court officer report · 8 May 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- process resultsbids: 1 · ndas: 2 · note: Two parties signed NDAs and received the CIM; only one Bid was received from the Purchaser. · as of: 2019-05-08 · qualified bids: 1
- purchaserFundThrough Inc.
- recovery outcomeentries: basis: liquidation_alternative · quote: This amount would be unsecured in a bankruptcy and there will be no funds available for unsecured creditors in a bankruptcy although CRA may have a claim against the director. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is not expected that any funds will be available for unsecured creditors, including any amounts that may be owing to Other Staffing Companies, in a bankruptcy, so the unsecured creditors are not negatively impacted if the APA is approved. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-05-08 · table missing:
- sale outcometext: recommend the approval of the transaction contemplated by the Agreement of Purchase and Sale · scope: whole_business · status: pending_approval
- stalking horsestate: stated_none