A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: No amounts are estimated to be owing to Secured Creditors. In the event of the bankruptcy, there will be no funds available for distribution to the any creditors, except to CRA for its deemed trust claim. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: proposal_trustee · class label: any creditors (other than CRA deemed trust claim) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on indebtedness figure as per SOA. In the event of the bankruptcy, there will be no funds available for distribution to the any creditors, except to CRA for its deemed trust claim. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: proposal_trustee · class label: any creditors (other than CRA deemed trust claim) · interim final: unstated · claims qualifier: unstated · stated on: 2022-08-22 · table missing: Set-out below is a comparison the Proposal Trustee's estimate of the distribution to the Unsecured Creditors if the Proposal is accepted by the Creditors and approved by the Court versus if the Proposal is rejected by the Creditors and the Company is deemed to have made an assignment in bankruptcy.