British Columbia · Receivership (court-appointed)
Trustee's Preliminary Report to Creditors dated December 23, 2014
Court officer report · 23 December 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: All Convenience Creditors will receive the full amount of their Proven Claim (as reduced, if applicable). · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: trustee · class label: Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Equity Election Creditors will receive Common Shares of the Company at the rate of one Common Share for each 12 cents ($0.12) of their Proven Claim. · pct of: unstated · outcome: distribution · class key: equity · stated by: trustee · class label: Equity Election Creditors · interim final: unstated · conditional on: one Common Share for each 12 cents ($0.12) of Proven Claim · claims qualifier: unstated; basis: plan · quote: All Unsecured Creditors who are not Convenience Creditors, Equity Election Creditors or the Key Supplier will receive 30 cents ($0.30) for each dollar of their Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 30 · pct high: 30 · class key: equity · stated by: trustee · class label: Unsecured Creditors who are not Convenience Creditors, Equity Election Creditors or the Key Supplier · interim final: unstated · cents on dollar: 30 · claims qualifier: unstated; basis: plan · quote: The Key Supplier will receive 70 cents ($0.70) for each dollar of its Proven Claim if it first agrees with the Company, in writing, to continue to supply product to the Company on terms acceptable to the Company, including with respect to terms of payment. · pct of: proven_claims · outcome: distribution · pct low: 70 · pct high: 70 · class key: unsecured · stated by: trustee · class label: Key Supplier · creditor name: Key Supplier · interim final: unstated · conditional on: if it first agrees with the Company, in writing, to continue to supply product to the Company on terms acceptable to the Company, including with respect to terms of payment · cents on dollar: 70 · claims qualifier: unstated; basis: plan · quote: All Affected Secured Creditors will receive Common Shares of the Company at the rate of one Common Share for each eight cents ($0.08) of their Proven Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · class label: Affected Secured Creditors · interim final: unstated · conditional on: one Common Share for each eight cents ($0.08) of Proven Claim · claims qualifier: unstated; basis: liquidation_alternative · quote: Should that occur, it is anticipated that there would be no recovery available for the Affected Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2014-12-23 · table missing: