Quebec · Proposal
Report of Trustee on financial situation and amended proposal dated April 9, 2013
Court officer report · 9 April 2013
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: That being said, on the assumption that Gross Amount is received, the Trustee estimates that a Dividend under the Amended Proposal should be in the range of 25% - 35%. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 35 · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: on the assumption that Gross Amount is received · claims qualifier: unstated; basis: liquidation_alternative · quote: The Trustee is of the opinion that a dividend in a bankruptcy scenario will be substantially less. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is important to note that, in the event the security of PJ Impex is not set aside, it would have a priority rank on the assets of the Company ahead of all creditors, resulting in minimal or no dividend to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: in the event the security of PJ Impex is not set aside · claims qualifier: unstated · stated on: 2013-04-09 · table missing: