Ontario · CCAA
1) Golf Town and Golfsmith Estates - Notice to Creditors - Cover Letter
Notice to creditors · 12 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As described in the Eighth Report of the Monitor, 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: Secured Notes · creditor name: Secured Notes · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As such, and as advised by the Monitor in several of its reports which can be accessed using the website address above, 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 · interim final: unstated · claims qualifier: unstated · stated on: 2018-06-04 · table missing: