Ontario · Receivership (court-appointed)
Amended Proposal
Proposal document · 22 October 2014
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: 4.4 The Proven Claims of Preferred Creditors are to be paid by the Trustee in full in priority to all claims of Unsecured Creditors in accordance with the scheme of distribution set forth in the Act. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 4.6 The Proven Claims of Unsecured Creditors with a value equal to or less than $600 shall be satisfied in full by receiving a cash payment of 100% of the value of the Proven Claim. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: trustee · amount low: 600 · amount high: 600 · class label: Unsecured Creditors with Proven Claims having a value equal to or less than $600 · interim final: unstated · conditional on: Applies only to Proven Claims with a value equal to or less than $600 · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors with Proven Claims having a value greater than $600 shall elect one · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · class label: Unsecured Creditors with Proven Claims having a value greater than $600 · interim final: unstated · conditional on: elect to reduce claim to $600 and be paid in full, or receive pro rata portion of the Unsecured Payment Fund, or (if an Accredited Investor) receive shares in full satisfaction · claims qualifier: unstated · table missing: