Nova Scotia · NOI
Report of the Trustee on the Proposal
Court officer report · 24 February 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- financial positionnote: Assets: Accounts receivable book value $1,571,432 (realizable $272,237-$408,356); Inventory book value $191,224 (realizable $19,122-$47,806); Capital Assets book value $1,925,086 (realizable nil-$250,000); Total book value $3,687,742 (realizable range $291,359-$706,162, not summed here as total is stated). Liabilities per creditor claims table: Priority $257,042 (2 creditors), Secured $3,773,970 (3 creditors), Preferred $0, Unsecured $900,928 (46 creditors), Total $4,931,940 (51 creditors) as at the NOI Date. · as at: 2014-02-10 · basis: unaudited Statement of Affairs; estimated realizable values in liquidation as assessed by Proposal Trustee · scope: entity - Blue Wave Seafoods Inc. · currency: CAD · total assets: 3687742 · total liabilities: 4931940
- recovery outcomeentries: basis: plan · quote: vi.Deferred Creditors shall not receive any distribution in this Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Deferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Preferred Creditors will be paid in full, without interest, under the statutory requirements as contained within the BIA, before any payments are made to the Unsecured Creditors. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: as opposed to a distribution in the range of 10 - 25% contemplated by the terms of the Proposal · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 25 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2014-02-24 · table missing: