British Columbia · CCAA
Monitor's Report on the Proposal
Court officer report · 16 June 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Accordingly, CAD$45,000 of the Secured Creditor Pot will be paid to BDC with the balance paid to RBC. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 45000 · amount high: 45000 · class label: BDC · creditor name: BDC · interim final: unstated · currency quote: CAD$45,000 · claims qualifier: unstated; basis: estimated · quote: Based on the amount of Unsecured Creditor Claims received by the Monitor, the estimated pro-rata dividend to Unsecured Creditors is in the range of 4.5 to 5 cents on the dollar of Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 4.5 · pct high: 5 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, Unsecured Creditors would receive no dividend in a bankruptcy. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on the analysis summarized in the previous section, it is estimated that in the event of a bankruptcy of the Petitioners, the Secured Creditors would be the only creditors with any recovery and the recovery would be insufficient to repay their debts in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is expected that there would be no funds available for the Unsecured Creditors in a bankruptcy or receivership. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · conditional on: If the Plan is rejected by the Creditors, the CCAA proceedings would likely be brought to an end and a bankruptcy or receivership may ensue · claims qualifier: unstated · stated on: 2023-06-16 · table missing: