Ontario · Proposal
Creditor Information Package
Court officer report · undated
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: plan · quote: Employee Priority Claims will be paid in full by the Company immediately following the granting by the Court of the Approval Order approving the Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Source Deduction Claims are to be paid in full by the Debtor within six months of the granting of the Approval Order. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: Source Deduction Claims (Crown Claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: bft se t te e e t te that the distribution to Unsecured Creditors with Proven Claims will be between $0.174 and $0.184 per dollar of Proven Claim, calculated as follows: · pct of: proven_claims · outcome: distribution · currency: CAD · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors with Proven Claims · interim final: unstated · currency quote: all dollar amounts contained in the Report are expressed in Canadian dollars · claims qualifier: unstated; basis: estimated · quote: If the Proposal is accepted by the Creditors and approved by the Court, the Trustee estimates that there will be between $850,000 and $900,000 available for distribution to Unsecured Creditors with Proven Claims that will result in an estimated dividend payment of approximately $0.174 to $0.184 per dollar of Proven Claim. · pct of: proven_claims · outcome: distribution · currency: CAD · class key: unsecured · stated by: proposal_trustee · amount low: 850000 · amount high: 900000 · class label: Unsecured Creditors with Proven Claims (Proposal accepted) · interim final: unstated · currency quote: all dollar amounts contained in the Report are expressed in Canadian dollars · claims qualifier: unstated; basis: liquidation_alternative · quote: In the event of a bankruptcy, the Trustee estimates that the distribution to Unsecured Creditors with Proven Claims will be $nil. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors with Proven Claims (in bankruptcy) · interim final: unstated · claims qualifier: unstated · stated on: 2023-01-06 · table missing: