Ontario · Proposal
Creditors Package (Proposal)
Meeting materials · 9 December 2024
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: Preferred Creditors, if any, other than Employee Preferred Claims, shall be paid in full out of the Funded Proposal Payments, in priority to Proven Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims (other than Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Proven Employee Preferred Claims (if any) shall be paid out of additional funds to be delivered by the Company to the Trustee and shall be remitted by the Trustee to the entitled claimants (if any) immediately after the Court Approval Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Amounts due to His Majesty in Right of Canada or a province, represented by the CRA, in respect of unremitted payroll source deductions (i.e. Crown Claims), shall be paid, in full, within 6 months of the Effective Date. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Claims · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | Estimated Percentage Dividend | | | 28% | · pct of: unstated · outcome: distribution · pct low: 28 · pct high: 28 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured claims · claims amount: 5613955 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Estimated Percentage Dividend | 35% | · pct of: unstated · outcome: distribution · pct low: 35 · pct high: 35 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured claims · claims amount: 5613955 · interim final: unstated · claims qualifier: unstated · stated on: 2024-12-09 · table missing: