Ontario · CCAA
1) Golf Town and Golfsmith Estates - Notice to Creditors - Cover Letter
Notice to creditors · 12 June 2018
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: estimated · quote: the second-ranking secured notes (the 'Secured Notes') face a significant deficiency on their secured claim and will receive an aggregate recovery of approximately 13% on the principal amount of the Secured Notes. · pct of: principal · outcome: shortfall · pct low: 13 · pct high: 13 · class key: secured · stated by: monitor · class label: second-ranking secured notes · creditor name: Secured Notes · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: there will be no recovery for the general unsecured creditors of the Golf Town Entities. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: general unsecured creditors of the Golf Town Entities · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: there will be no recoveries available to any general unsecured creditors, and no distributions will be made should you decide to submit a claim. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: general unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2018-06-04 · table missing: