Ontario · Proposal
Proposal – filed September 13, 2021
Proposal document · 13 September 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Proven Preferred Claims, set out in the Statement of Affairs, other than Employcc Prefcrred Claims (which shall be satisfied pursuant to Paragraph 13 of this Proposal), shall be paid in full, without interest, out of thc Funded Unsecured Proposal Payments, 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: All proven Employee Preferred Claims (if any) shall be paid out of additional funds to be delivered by the Company to the Trustec and shall be remitted by the Trustee to the entitled claimants (if any) immediatcly alter the Court Approval Date. · 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: Funded Secured Proposal Payments in the form of one lump sum payment in the amount of the lesscr of 40% of the total of the Proven Secured Claims and $36,000 for thc Secured Creditor Class, · pct of: proven_claims · outcome: distribution · pct low: 40 · pct high: 40 · class key: secured · stated by: debtor · amount low: 36000 · amount high: 36000 · class label: Secured Creditors (Class 2) · interim final: unstated · conditional on: lesser of 40% of the total of the Proven Secured Claims and $36,000 · claims qualifier: unstated; basis: plan · quote: Funded Unsccured Proposai Payments in thc form of onc lump sum payment in the amount of the lesser of 10% of the total of the Proven Unsecured Claims and $15,000 for the Unsecured Creditor Class. · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · amount low: 15000 · amount high: 15000 · class label: Unsecured Creditors (Class 1) · interim final: unstated · conditional on: lesser of 10% of the total of the Proven Unsecured Claims and $15,000 · claims qualifier: unstated · stated on: 2021-07-30 · table missing: