Ontario · NOI
Motion Record - Leder Investments Ltd - Walters Partners Inc - Moving Party - 19-OCT-2023(54646335.1)
Application / notice of application · 19 October 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The intention of the Amended Proposal was therefore to pay affected creditors in full subject only to the levy payable to the Superintendent of Bankruptcy. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: affected creditors · claims amount: 4200000 · interim final: unstated · conditional on: payment of the lesser of the total amount of proven claims of affected creditors and $5 million; each affected creditor with a proven claim totalling $3,000 or less paid in full within 90 days; remainder distributed ratably per schedule (Oct 2023 $500,000; Dec 2023 $500,000; June 2024 $1,000,000; Dec 2024 $1,000,000; June 2025 $1,000,000; Dec 2025 lesser of balances outstanding and $1,000,000 less amounts already paid) · claims qualifier: listed; basis: plan · quote: all other Preferred Claims that are Proven Claims will be paid in full; · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Debtor estimates the Claims of Unsecured Creditors to total approximately $4,400,000. On that assumption, the maximum of $5,000,000 to be paid under the Proposal will satisfy all Claims of Unsecured Creditors in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Claims of Unsecured Creditors · claims amount: 4400000 · interim final: unstated · claims qualifier: estimated · table missing: