Ontario · Proposal
Notice of Proposal to Creditors, dated April 10, 2023
Notice to creditors · 10 April 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 filing2 verified
- financial positionnote: Deficiency of $458,207.90 stated; Trustee's Report separately summarizes creditors as Secured $535,285, Unsecured $192,375, Total $727,660 (excludes CRA source deductions claim) · as at: 2023-04-05 · basis: Statement of Affairs, as stated and estimated by the officer · scope: entity - Darwin Foods Inc. · currency: CAD · total assets: 276441.38 · total liabilities: 734649.28
- recovery outcomeentries: basis: plan · quote: Accordingly, we anticipate an estimated recovery of approximately 15% for creditors with a Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 15 · pct high: 15 · class key: unsecured · stated by: proposal_trustee · class label: creditors with a Proven Claim · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: We anticipate that following the return of leased assets and payment of administrative costs, there would be no funds available to the creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-04-10 · table missing: