Ontario · Proposal
Trustee's Report to the Creditors
Court officer report · 24 July 2019
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 filing9 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date24 June 2019
- court file no35-2526785
- proceeding typebia_proposal
- provinceONTARIO
- statutory basisSection 50(5) of the Bankruptcy and Insolvency Act
- statutory basisSection 50(5) of the Bankruptcy and Insolvency Act
- recovery outcomeentries: basis: plan · quote: | Estimate Distribution to Ordinary Unsecured Creditors per dollar of proven claim | | 8.5% | · pct of: proven_claims · outcome: distribution · pct low: 8.5 · pct high: 8.5 · class key: unsecured · stated by: proposal_trustee · amount low: 75000 · amount high: 75000 · class label: Ordinary Unsecured Creditors · claims amount: 877774 · interim final: unstated · cents on dollar: 8.5 · claims qualifier: listed; basis: liquidation_alternative · quote: After payment of amounts owing to the CRA for unremitted payroll source deductions and claims by Secured Creditors, it is unlikely that there would be any distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-07-24 · table missing: