British Columbia · Proposal
Form 40 – Report of Trustee on Proposal
Court officer report · undated
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 filing5 verified
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-151011
- provinceBritish Columbia
- commencement date17 November 2015
- recovery outcomeentries: basis: plan · quote: Based on the listing of unsecured creditors included in the Company's Statement of Affairs, under the Proposal it is estimated that the five creditors will receive approximately 47% of their proven claim, less the OSB Levy. · pct of: proven_claims · outcome: distribution · pct low: 47 · pct high: 47 · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · conditional on: less the OSB Levy · claims qualifier: unstated; basis: liquidation_alternative · quote: The estimated amount available for distribution to creditors under a Bankruptcy scenario of $nil will result in no funds being available to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: THAT no compensation is to be paid to existing shareholders. · pct of: unstated · outcome: nil · class key: equity · stated by: proposal_trustee · class label: existing shareholders · interim final: unstated · claims qualifier: unstated · stated on: 2015-11-20 · table missing: