Ontario · Proposal
Trustee Report to Creditors - May 26, 2020.pdf
Court officer report · 26 May 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Based on the estimated Third-Party Creditor Claims, the Proposal Trustee estimates there should be sufficient funding to pay the Employee Termination Claims in full and distribute 10% dividend to all other creditors. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Employee Termination Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the estimated Third-Party Creditor Claims, the Proposal Trustee estimates there should be sufficient funding to pay the Employee Termination Claims in full and distribute 10% dividend to all other creditors. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: all other creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Proposal Trustee estimates there will be no dividend in a bankruptcy (before employee recoveries from the Wage Earner Protection Program or any proceeds from the Facedrive transaction). · pct of: unstated · outcome: nil · stated by: proposal_trustee · class label: creditors in a bankruptcy · interim final: unstated · conditional on: before employee recoveries from the Wage Earner Protection Program or any proceeds from the Facedrive transaction · claims qualifier: unstated; basis: liquidation_alternative · quote: Recoveries in a bankruptcy, before any potential Facedrive sale proceeds, are estimated to be zero. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors Class (in a bankruptcy) · interim final: unstated · conditional on: before any potential Facedrive sale proceeds · claims qualifier: unstated · table missing: