Quebec · NOI
Avis de la proposition aux créanciers
Notice to creditors · 29 August 2019 · French
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What we verified from this filing12 verified
- appointeeRAYMOND CHABOT INC.
- appointee roleSyndic autorisé en insolvabilité
- commencement date29 August 2019
- courtC O U R S U P É R I E U R E
- court file no500-11-056968-197
- statutory basisarticle 51 de la Loi
- financial positionnote: Figures in thousands per table headers ('000s implied, e.g. Accounts receivable 1,595 = $1,595,000 based on scale consistency with other reported millions); shareholders' deficiency of $(2,922) thousand reported as at April 30, 2019; comparative years 2018 and 2017 also shown but not extracted here (current year only) · page: 19 · as at: 2019-04-30 · basis: Unaudited balance sheet (in thousands) · scope: 9155406 Canada Inc. (Twin Heart Clothing), entity-level · currency: CAD · total assets: 2236000 · total liabilities: 5159000
- secured creditorsnote: Listed as secured creditor no. 1 in trustee's report; values against secured assets shown are accounts receivable $1,620,000 and inventory (part of) $1,800,000; total secured creditors reported at $2,044,551 in statement of affairs summary table (page 21) · page: 21 · as of: statement of affairs · debtor: 9155406 Canada Inc. (Twin Heart Clothing) · creditor: Accord Financial · currency: CAD · security: Universal hypothec
- secured creditorsnote: Related party: shareholders and directors of the Proposer; listed as secured creditor no. 2; total secured creditors reported at $2,044,551 in statement of affairs summary (page 21) · page: 21 · as of: statement of affairs · debtor: 9155406 Canada Inc. (Twin Heart Clothing) · creditor: Clifford Isenberg and Marc Levy · currency: CAD · security: Universal hypothec
- unsecured creditorsnote: preferred/priority claim under BIA; Proposal states preferred claims should be nil (referring to amounts to be paid, not this listed priority claim figure) · page: 21 · as of: statement of affairs · basis: Priority claims listed in trustee's report on statement of affairs · amount: 22000 · debtor: 9155406 Canada Inc. (Twin Heart Clothing) · creditor: Claims for unpaid wages (priority) · currency: CAD
- unsecured creditorsnote: Document names no individual creditors; trustee states it has not received any proofs of claim to validate the information provided; estimated dividend of 2.2% projected · page: 21 · as of: statement of affairs · basis: List of creditors declared by the Proposer's management; statement of affairs as reported · amount: 2730386 · debtor: 9155406 Canada Inc. (Twin Heart Clothing) · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: | Estimated dividend | 2,2% | · pct of: unstated · outcome: distribution · pct low: 2.2 · pct high: 2.2 · class key: unsecured · stated by: trustee · amount low: 60000 · amount high: 60000 · class label: Unsecured creditors · claims amount: 2730386 · interim final: unstated · conditional on: The first $500 of each claim shall be paid in full; the balance shall be paid on a pro rata basis according to the remaining claims. · claims qualifier: unstated; basis: unstated · quote: - Crown Claims, which should be nil; · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: Crown claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: - Preferred claims, which should be nil; · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: Preferred claims · interim final: unstated · claims qualifier: unstated · table missing: