Ontario · NOI
Proposal Trustee's Fourth Report to Court dated January 19, 2021
Court officer report · 19 January 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 filing4 verified
- operational summaryThe Company is not presently operating and has only a small number of employees; its only material asset is litigation against PGH, and disbursements are limited to payroll and professional costs while receipts are expected mainly from government wage subsidies.
- recovery outcomeentries: basis: liquidation_alternative · quote: creditors will not receive any recovery in a bankruptcy whereas continuing the NOI proceedings provides an opportunity for recoveries that would be funded through a proposal if the Company's litigation is successful, or if a settlement provides the Company with a meaningful financial recovery; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date19 January 2021
- report noFourth Report