Ontario · Proposal
Proposal – June 6 2019
Proposal document · 6 June 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
- court file no31-2507621
- provinceOntario
- statutory basisthe Bankruptcy and Insolvency Act
- commencement date7 May 2019
- recovery outcomeentries: basis: plan · quote: All Proven Crown Priority Claims shall be paid out of funds to be delivered by the Company to the Trustee in addition to the Funded Proposal Payments, and shall be remitted by the Trustee to Her Majesty in the Right of Canada or of any province, as applicable, within six (6) months of the Court Approval Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Proven Employee Preferred Claims shall be paid out of funds to be delivered by the Company to the Trustee in addition to the Funded Proposal Payments and shall be remitted by the Trustee to the entitled claimants immediately after the Court Approval Date and in priority to the Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Preferred Claims, other than Employee Preferred Claims (which shall be satisfied pursuant to Paragraph 144 of this Proposal), shall be paid in full, out of the Funded Proposal Payments, without interest, in priority to Proven Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims (other than Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Funded Proposal Payments will be made until an amount is paid to the Trustee equal to the lesser of: · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: debtor · amount high: 200000 · class label: Unsecured Claims · interim final: unstated · conditional on: The Funded Proposal Payments will be made until an amount is paid to the Trustee equal to the lesser of 33% of Proven Unsecured Claims (not including Crown Priority Claims and the Employee Preferred Claims) and $200,000 · claims qualifier: unstated · table missing: