Ontario · NOI
Trustee’s Report on Proposal. April 19, 2011
Court officer report · 19 April 2011
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What we verified from this filing7 verified
- court file no32-1473612
- provinceOntario
- secured creditorsnote: Estimated amount at time of filing, subject to confirmation and audit by CRA; deemed trust class, ranking ahead of ordinary claims — 'amount realized will be subject to priority of the deemed trust claim of Canada Revenue Agency'; to be paid via instalments ($36,000 within 12 months, $60,000 within 24 months) totaling full payment within 36 months of Court Approval. · page: 1 · as of: time of filing the Proposal · amount: 130000 · debtor: New Home Services Inc. · creditor: Canada Revenue Agency · currency: CAD · security: Deemed trust claim for unremitted payroll (source) deductions
- unsecured creditorsnote: Estimated amount at time of filing, subject to confirmation and audit by CRA; document anticipates the eventual filed unsecured claim (for unremitted GST/HST) will be 'less than $30,000', capped at $30,000 under the Proposal's unsecured creditor payment terms. · page: 1 · as of: time of filing the Proposal · basis: Trustee's Report on the Proposal, describing unremitted GST as the estimated liability at filing · amount: 20000 · debtor: New Home Services Inc. · creditor: Canada Revenue Agency · currency: CAD
- appointeeAlbert Gelman Inc.
- appointee roleTrustee
- recovery outcomeentries: basis: plan · quote: The Proposal provides that unremitted payroll deductions will be paid in full within 36 months of Court Approval of the Proposal, with instalments to be paid of no less than $36,000 within 12 months of Court Approval and $60,000 within 24 months of Court Approval. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: trustee · class label: unremitted payroll deductions (CRA) · claims amount: 130000 · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: instalments of no less than $36,000 within 12 months of Court Approval and $60,000 within 24 months of Court Approval · claims qualifier: estimated; basis: plan · quote: In addition, all unsecured creditors shall be paid in full within 36 month of Court Approval of this Proposal, subject to a maximum amount of $30,000. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: subject to a maximum amount of $30,000 · claims qualifier: unstated · stated on: 2011-04-19 · table missing: