NOI
Proposal Package to Creditors dated March 10, 2010
Proposal document · 10 March 2010
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: Payments under the Proposal are projected to total 3O on the dollar of the proven claims of Unsecured Creditors, with the potential for further distributions should the Company be successful pursuing the Miner's Lien Action. · pct of: proven_claims · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · table missing: · conditional on: payable in five equal annual payments; potential for further distributions if the Miner's Lien Action succeeds; subject to the Company's ability to secure new contracts · cents on dollar: 30 · claims qualifier: unstated; basis: liquidation_alternative · quote: Unsecured Creditors would not be in any worse a situation given the outcome (nil recovery) if the Company were to become bankrupt immediately. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (if the Company were bankrupt immediately) · interim final: unstated · table missing: · conditional on: if the Company were to become bankrupt immediately · claims qualifier: unstated; basis: plan · quote: The claims of the Preferred Creditors are to be paid in full in priority to all Claims of Ordinary Creditors in accordance with the scheme of distribution set forth in the BIA or as may be otherwise arranged between the applicable Debtor and its Preferred Creditors. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · table missing: · claims qualifier: unstated · stated on: 2010-03-10 · table missing: