Northwest Territories · NOI
Minutes of the First Meeting of Creditor’s
Meeting materials · 18 December 2019
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: Based on our review of the Company's current assets and liabilities and our discussions with the Company's management, in the event of a bankruptcy, it would provide the unsecured creditors a recovery of $nil. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Under a Proposal, we estimate there will be net proceeds available to unsecured creditors between $nil and $400,000 depending on whether Clark Builders judgement amount is collected in full, the amount of account receivables collected, and the proceeds from auctioning the Newfoundland Assets. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 0 · amount high: 400000 · class label: unsecured creditors · interim final: unstated · conditional on: depending on whether Clark Builders judgement amount is collected in full, the amount of account receivables collected, and the proceeds from auctioning the Newfoundland Assets · claims qualifier: unstated; basis: plan · quote: This would provide unsecured creditors a recovery between $nil and $0.14 per $1 of outstanding claim. · pct of: unstated · outcome: distribution · pct low: 0.14 · pct high: 0.14 · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-12-06 · table missing: