British Columbia · Proposal
Second Supplement to Trustee's Fourth Report filed March 27, 2023.PDF
Court officer report · 27 March 2023
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 filing4 verified
- operational summaryThe report responds to concerns from Paysafe and an unsecured noteholder about the SISP and notice to creditors, and reports the Proposal Trustee's view that the proposed Transaction is the best outcome for stakeholders, with no value remaining for unsecured creditors.
- professional feesnote: Stated as approximately $228,000 inclusive of fees for the Proposal Trustee, its counsel and counsel for PaySlate; given in the Proposal Trustee's counsel's email response in Appendix 10 (dated March 26, 2023); the currency is assumed CAD (not stated); tax treatment not stated. · party: Proposal Trustee, its counsel and counsel for PaySlate · amount: 228000 · period: owing as of March 26, 2023 · currency: CAD
- report date27 March 2023
- report noSecond Supplement to the Proposal Trustee's Fourth Report