Saskatchewan · NOI
Notice to Creditors dated December 9, 2022
Notice to creditors · 9 December 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Based on current estimates of the claims of Affected Creditors, the Proposal Proceeds provide for an estimated dividend of 10% to Affected Creditors . · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Using the form enclosed, Affected Creditors can make an election to be treated as a Convenience Claim to receive 100% of the first $1,500 of their claim as full and final satisfaction of their claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 1500 · amount high: 1500 · class label: Convenience Claims · interim final: unstated · conditional on: 100% of the first $1,500 of each Unsecured Claim · claims qualifier: unstated; basis: plan · quote: 44. As the Related Creditors remain unaffected by the Proposal, they will not participate in the Proposal distribution. · pct of: unstated · outcome: nil · stated by: proposal_trustee · class label: Related Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 45. Source Deduction Creditors, as defined in the Proposal, are to be paid in full from operational cash flows of the Companies on such date as agreed by CRA, provided it is no later than six (6) months following approval of the Proposal by the Court. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: Source Deduction Creditors · claims amount: 727834 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: 47. The claims of Employee Creditors, as defined in the Proposal and capped at $2,000 per employee, shall be paid in full from operational cash flows of the Companies. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the distribution of the Proposal Proceeds to Unsecured Creditors as contemplated by the Proposal, estimated to be 10% to Pro-Rata Creditors and up to 100% to the Convenience Creditors; · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: Pro-Rata Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-12-09 · table missing: