Ontario · CCAA
Fourth and Final Report
Court officer report · 27 January 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The 192 Secured Debt will be compromised under the Plan, whereas the BDC Secured Debt will be repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: BDC Secured Debt · creditor name: BDC · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Plan provides that Crown Claims outstanding at the Filing Date shall be paid in full within six months after the Sanction Order, as required by subsection 6(3) of the CCAA. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: monitor · class label: Crown Claims · claims amount: 13719.85 · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: paid within six months after the Sanction Order · claims qualifier: asserted; basis: liquidation_alternative · quote: Based on the estimated realizable value of the Property, but not taking in account the Investments, and given the extent of Tribalscale's obligation to the Secured Creditors, the costs of realization and potential priority payables, it appears likely that there would be minimal if any, net proceeds of realization available to the Unsecured Creditors in the event of a bankruptcy. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 192's secured debt will be compromised under the Plan, whereas BDC's secured debt will be repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: BDC's secured debt · creditor name: BDC · interim final: unstated · claims qualifier: unstated · stated on: 2021-01-27 · table missing: