Alberta · Proposal
Proposal Trustee's Report on Proposal
Court officer report · 11 May 2021
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 filing2 verified · 2 withheld
- purchaserSawafi Newsco USA, LLC
- recovery outcomeentries: basis: plan · quote: The Proposal provides for a recovery of approximately 8 percent for Unsecured Creditors. · pct of: unstated · outcome: distribution · pct low: 8 · pct high: 8 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: we estimate the recoveries available for Unsecured Creditors in the event of bankruptcy to be $Nil. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 2700000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: believes the Secured Creditors would suffer a shortfall from realizations in the event of the alternative of a bankruptcy proceeding, in which case no funds would be available for Unsecured Creditors · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · claims amount: 1861000 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: the Judith Melville Secured Claim shall be paid in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Judith Melville Secured Claim · creditor name: Judith Melville · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Creditors will be paid in full in priority to the Unsecured Creditors, including the statutory severance claims of terminated employees; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · conditional on: including the statutory severance claims of terminated employees; paid in priority to the Unsecured Creditors · claims qualifier: unstated · stated on: 2021-04-22 · table missing:
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.