Ontario · Proposal
Report of Trustee on Proposal – dated October 21, 2016
Court officer report · 21 October 2016
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: Superintendent's Levy: the Superintendent's Levy shall be paid in full; · pct of: unstated · outcome: paid_in_full · stated by: proposal_trustee · class label: Superintendent's Levy · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Mandatory Payment Claims: Mandatory Payment Claims shall be paid in full; · pct of: unstated · outcome: paid_in_full · stated by: proposal_trustee · class label: Mandatory Payment Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Creditors: Preferred Claims shall be paid in full, without interest; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Claims: $100,000 of the Available Funds shall be set aside by the Proposal Trustee to comprise of the Distribution Fund which shall be distributed pro-rata to Proven Affected Creditors on account of their Proven Affected Claims (other than D&O Claims) at such times, if any, as the Proposal Trustee shall determine in consultation with the Inspectors. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 100000 · amount high: 100000 · class label: Proven Affected Creditors (Unsecured Claims) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: the Proposal Trustee estimates that the Company's unsecured creditors would not realize a distribution from 8635919's bankrupt estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-10-21 · table missing: