Ontario · Proposal
Report of the Trustee on the financial situation of the Debtor and on the Proposal – dated January 20, 2015
Court officer report · 20 January 2015
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 filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: the Proposal Trustee estimates that, based on the information set out in Section E of this report, the realizations that would be available for distribution to the Company's Unsecured Creditors would be $Nil as follows: · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (bankruptcy scenario) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors with Proven Unsecured Claims who are owed in excess of $1,500 and who have not elected to receive a cash dividend of $1,500 will receive a Payment Certificate which will afford those Creditors an opportunity to receive a dividend up to a maximum amount equal to 100% their Proven Unsecured Claims · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Creditors with Proven Unsecured Claims who are owed in excess of $1,500 and have not elected to receive a cash dividend of $1,500 · interim final: unstated · conditional on: Payment Certificate; dividend depends on the Company's profits for the fiscal years ended 2015 onward · claims qualifier: unstated · table missing: