Ontario · Proposal
Notice of Proposal to Creditors and Meeting of Creditors
Notice to creditors · 31 May 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: BDC - 50% recovery on its indebtedness, which would be converted to a fixed term loan and repaid over a period of 60 months after the Effective Date; · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: proposal_trustee · class label: BDC · creditor name: BDC · interim final: unstated · conditional on: converted to a fixed term loan repaid over 60 months after the Effective Date · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors - pro rata share of the lesser of $290,000 and 10% of the Proven Claims of Unsecured Creditors, which based on the amounts set forth in Section G above would result in a gross dividend yield of approximately 9.5% (excluding any deductions for the fees of the Proposal Trustee and the Levy). · pct of: proven_claims · outcome: distribution · pct low: 9.5 · pct high: 9.5 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: pro rata share of the lesser of $290,000 and 10% of the Proven Claims of Unsecured Creditors, excluding deductions for fees of the Proposal Trustee and the Levy, distributions made by no later than 36 months after the Effective Date · claims qualifier: unstated · stated on: 2022-05-31 · table missing: