Quebec · NOI
Report of the Trustee on the financial situation of the Debtor and on the Proposal – dated December 22, 2014
Court officer report · 22 December 2014
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Based on Management's representations and the aggregate amount of the Unsecured Claims, as reflected in the Debtor's statement of affairs, at the present time, the Trustee estimates that the funds of $180,000 available for distribution over four (4) years to the Ordinary Unsecured Creditors would represent an estimated recovery of 11% of the Ordinary Unsecured Claims, as follows: · pct of: unstated · outcome: distribution · pct low: 11 · pct high: 11 · class key: unsecured · stated by: trustee · amount low: 180000 · amount high: 180000 · class label: Ordinary Unsecured Creditors · claims amount: 1622000 · interim final: unstated · conditional on: Proposal funded by the Potential Purchaser, conditional upon acceptance of the Proposal by the Unsecured Creditors and the approval by the Court; distributed over four (4) years · claims qualifier: listed; basis: liquidation_alternative · quote: In a bankruptcy scenario, based on the value of the assets and liabilities of the Debtor, as reflected in the statement of affairs, the Trustee estimates that the distribution would be NiL calculated as follows: · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2014-12-22 · table missing: