Quebec · Proposal
Application for Court Approval of the Debtor’s Proposal – dated July 7, 2016
Application / notice of application · 7 July 2016
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What we verified from this filing9 verified
- applicant9079-0403 QUEBEC INC.
- courtSUPERIOR COURT (Commercial Division)
- court file no500-11-050730-163
- proceeding typebia_proposal
- provinceQUEBEC
- statutory basisArticle 58 of the Bankruptcy & Insolvency Act
- statutory basisArticle 58 of the Bankruptcy & Insolvency Act
- commencement date7 July 2016
- recovery outcomeentries: basis: liquidation_alternative · quote: TheTrustee, after having the Debtor's assets evaluated has concluded that the presentProposal will yield a dividend of approximately 7%to ordinary creditors, excluding those of the principal shareholder and Director who have subordinated their debts to those of ordinarycreditors, and in a bankruptcy there will be no dividend for ordinary creditors. · pct of: unstated · outcome: distribution · pct low: 7 · pct high: 7 · class key: unsecured · stated by: trustee · class label: ordinary creditors · interim final: unstated · related party: false · claims qualifier: unstated; basis: liquidation_alternative · quote: TheTrustee, after having the Debtor's assets evaluated has concluded that the presentProposal will yield a dividend of approximately 7%to ordinary creditors, excluding those of the principal shareholder and Director who have subordinated their debts to those of ordinarycreditors, and in a bankruptcy there will be no dividend for ordinary creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: ordinary creditors · interim final: unstated · related party: false · claims qualifier: unstated; basis: plan · quote: The Proposal stipulates that all secured creditors shall be paid in accordance with the arrangements existing between the Debtor and the holders of secured claims and that all preferred creditors shall be paid in full without interest in priority to all claims of ordinary creditors, the whole as it more fully appears from Exhibit A in Exhibit R-1; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred creditors · interim final: unstated · claims qualifier: unstated · table missing: