Quebec · Proposal
Report of the Trustee on the Financial Situation of the Debtor and on the Proposal – dated March 7, 2016
Court officer report · 7 March 2016
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 filing8 verified
- appointeeRichter Advisory Group Inc.
- appointee roleTrustee
- courtSUPERIOR COURT
- court file no500-11-050204-169
- provinceQUÉBEC
- statutory basisSections 50(10)(b) and 50(5) of the Bankruptcy and Insolvency Act
- commencement date18 February 2016
- recovery outcomeentries: basis: unstated · quote: | Unsecured Creditors | 722,191 | 125,000 17.3% c | · pct of: unstated · outcome: distribution · pct low: 17.3 · pct high: 17.3 · class key: unsecured · stated by: trustee · amount low: 125000 · amount high: 125000 · class label: Unsecured Creditors · claims amount: 722191 · interim final: unstated · claims qualifier: listed; basis: liquidation_alternative · quote: The estimated distribution under the Bankruptcy scenario shows that all the proceeds would be for the benefit of the Secured Creditors. Therefore, there would be no distribution to the unsecured creditors in a Bankruptcy scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · claims amount: 703477 · interim final: unstated · claims qualifier: estimated; basis: estimated · quote: It is estimated that the Proposal will provide recovery to the Unsecured Creditors of approximately 17%. · pct of: unstated · outcome: distribution · pct low: 17 · pct high: 17 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-03-04 · table missing: