Alberta · Proposal
Trustee's Report to Court dated December 6, 2016
Court officer report · 6 December 2016
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: Based on the value of the MI Assets, it is anticipated that, should the MI Assets be liquidated, EVI would suffer a shortfall in satisfying its secured claim against MI and, as such, there would be no funds available for distribution to MI's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: MI's unsecured creditors · interim final: unstated · conditional on: should the MI Assets be liquidated · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on the value of the MI Assets, it is anticipated that, should the MI Assets be liquidated, EVI would suffer a shortfall in satisfying its secured claim against MI and, as such, there would be no funds available for distribution to MI's unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: EVI · creditor name: EVI · interim final: unstated · conditional on: should the MI Assets be liquidated · claims qualifier: unstated; basis: plan · quote: Pursuant to the Proposal, the Affected Creditors are anticipated to receive a distribution of 10% of their Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: Proposal accepted by creditors and approved by the Court · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy scenario, the Affected Creditors are not anticipated to receive any distribution. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors · interim final: unstated · conditional on: bankruptcy scenario · claims qualifier: unstated · stated on: 2016-12-02 · table missing: