Alberta · NOI
Notices to Creditors of Proposal.pdf
Notice to creditors · 22 January 2018
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 filing6 verified
- secured creditorsnote: Affected Secured Creditor; Proposal offers 100 cents on the dollar of Claim as on the Filing Date less payments/collections after Filing Date; amount not stated · page: 2 · as of: Filing Date · debtor: Three Sisters Diesel Repair Inc. · creditor: Evolocity Financial Group Inc. · currency: CAD
- secured creditorsnote: Affected Secured Creditor; Proposal offers 100 cents on the dollar of Claim as on the Filing Date less payments/collections after Filing Date; amount not stated · page: 2 · as of: Filing Date · debtor: Three Sisters Diesel Repair Inc. · creditor: Merchant Advance Capital · currency: CAD
- secured creditorsnote: Equipment Lease Creditors comprising National Leasing Group Inc., Ford Credit Canada Company and Snap-On Credit Canada Ltd.; classified as Unaffected Secured Creditors; amounts not stated · page: 3 · debtor: Three Sisters Diesel Repair Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Lease interest in equipment
- secured creditorsnote: Unaffected Secured Creditor; not part of this Proposal; amount not stated · page: 6 · debtor: Three Sisters Diesel Repair Inc. · creditor: Alberta Treasury Branches (ATB) · currency: CAD · security: Secured charges on the property, assets, and undertaking of the Company
- unsecured creditorsnote: Amount not stated; disclosed only in Assumption 6 of cash flow notes · page: 16 · as of: NOI filing date · basis: Cash flow statement note re: unremitted GST payable ranking as an unsecured claim · debtor: Three Sisters Diesel Repair Inc. · creditor: Unremitted GST payable (as at NOI filing date) · currency: CAD
- recovery outcomeentries: basis: plan · quote: 2) the Affected Secured Creditor Claims and Preferred Claims, if any, in full; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Affected Secured Creditors and Preferred Claims, if any · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 1) the payment of Crown Claims in full; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: As a result, there will be no dividends available for either the secured creditors who hold general security agreements or the unsecured creditors if a bankruptcy were to occur. · pct of: unstated · outcome: nil · class key: secured · stated by: proposal_trustee · class label: Secured creditors who hold general security agreements and unsecured creditors, in a bankruptcy · interim final: unstated · conditional on: in the event of a bankruptcy · claims qualifier: unstated · stated on: 2018-01-22 · table missing: