Ontario · NOI
NYK Compendium - Part 4
Court officer report · 8 January 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 filing2 verified
- financial positionnote: Statement of Affairs also reports a Deficiency of $19,291,190.35; the form's instructions reference the Notice of Intention filing date of July 15, 2015, but the sworn declaration states the affairs are as of August 13, 2015. · as at: 2015-08-13 · basis: as stated and estimated by the officer (debtor's Statement of Affairs) · scope: entity - Cogent Fibre Inc. (the debtor) · currency: CAD · total assets: 18742.52 · total liabilities: 19309932.87
- recovery outcomeentries: basis: plan · quote: 4.7 All Secured Creditors who are related to CFI (as such term is defined in the Act) are not entitled to any distributions under the Proposal. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: Secured Creditors who are related to CFI · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 4.8 The Proven Claims of Preferred Creditors are to be paid 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 · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 4.9 The balance of the funds paid by CFI pursuant to Section 3.2, after payment of Administrative Fees and Expenses, any payments made pursuant to Sections 4.3 and 4.4, and payment of the Proven Claims of Preferred Creditors, shall be distributed by the Trustee pro rata among all of the Unsecured Creditors to the extent of their Proven Claims. · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: