Ontario · Proposal
Report of the Trustee on the financial situation of the Debtor and on the Proposal – dated May 23, 2014
Court officer report · 23 May 2014
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
- appointeeRichter Advisory Group Inc.
- appointee roleProposal Trustee
- court file no31–1859688
- proceeding typebia_proposal
- provinceONTARIO
- statutory basisSections 50(10)(b) and 50(5) of the Bankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985 c.B-3
- commencement date14 April 2014
- recovery outcomeentries: basis: liquidation_alternative · quote: | Esimated Unsecured Claims | 1,062,801 | 1,062,801 | 7 | · pct of: unstated · outcome: distribution · pct low: 35.28 · pct high: 35.28 · class key: unsecured · stated by: proposal_trustee · amount low: 50000 · amount high: 375000 · class label: Unsecured Creditors · claims amount: 1062801 · interim final: unstated · claims qualifier: listed; basis: liquidation_alternative · quote: Based on the above statement of estimated realizable value, in the event of Next Wood's bankruptcy, the estimated percentage distribution per dollar of Unsecured Claim (excluding the costs of realization, including rent and insurance) ranges from approximately 5% - 35%. · pct of: unstated · outcome: distribution · pct low: 5 · pct high: 35 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Claim · interim final: unstated · claims qualifier: unstated · table missing: