Ontario · Proposal
Motion Record – Court Approval of Proposal – Returnable March 21, 2022
Application / notice of application · 21 March 2022
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What we verified from this filing8 verified
- commencement date14 March 2022
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- court file no31-2785327
- provinceONTARIO
- applicantDODICK LANDAU INC.
- appointeeDODICK LANDAU INC.
- appointee roleproposal trustee
- recovery outcomeentries: basis: plan · quote: As required under the BIA, Crown Priority Claims, being proven pre-filing claims of CRA, or any province, contemplated by section 60(1.1) of the BIA, consisting of unremitted source deductions will be paid in full out of additional funds to be paid by the Debtor to the Proposal Trustee from its operating funds and remitted by the Proposal Trustee to CRA, or the province, as applicable, within six (6) months of the Court Approval Date. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: Crown Priority Claims · claims amount: 1500 · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: estimated; basis: plan · quote: Employee Preferred Claims will be paid from additional funds to be delivered by the Debtor to the Proposal Trustee and shall be remitted by the Proposal Trustee to the entitled claimants, if any, immediately after the Effective Date; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As required under the BIA, Preferred Claims, other than Employee Preferred Claims, if any, shall be paid in full, without interest, in priority to Unsecured Claims; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims, other than Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Unsecured Claims shall be paid out of the Funded Proposal Payments on a pro rata basis. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Proven Unsecured Claims · interim final: unstated · conditional on: lesser of 45% of the value of the Proven Claims and $54,000 (Funded Proposal Payments), paid pro rata · claims qualifier: unstated · stated on: 2022-03-11 · table missing: