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: plan · quote: The terms of Pro's proposal results in CRA recovering its trust claim and unsecured creditors receiving approximately $0.057 on the dollar. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: | Estimated distribution to Unsecured Creditors | 5.71% | 2.20% | · pct of: unstated · outcome: distribution · pct low: 5.71 · pct high: 5.71 · class key: unsecured · stated by: proposal_trustee · amount low: 149000 · amount high: 149000 · class label: Unsecured Creditors (estimated distribution under the Proposal) · claims amount: 2610461 · interim final: unstated · claims qualifier: listed; basis: liquidation_alternative · quote: | Estimated distribution to Unsecured Creditors | 5.71% | 2.20% | · pct of: unstated · outcome: distribution · pct low: 2.2 · pct high: 2.2 · class key: unsecured · stated by: proposal_trustee · amount low: 57500 · amount high: 57500 · class label: Unsecured Creditors (estimated distribution in a bankruptcy) · claims amount: 2610461 · interim final: unstated · claims qualifier: listed; basis: liquidation_alternative · quote: In the event of bankruptcy, it is unlikely that the creditors would receive any distribution, due to nature of the industry and the assets, which would likely result in poor realizations. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: creditors (in the event of bankruptcy) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims, without interest, are to be paid in full in priority to all Claims of Unsecured Creditors including, without limitation, any entitlement of Unsecured Creditors to the payments to be made under Part IV of this Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated · stated on: 2015-09-11 · table missing: