British Columbia · Proposal
Notice to Creditors - True Leaf Cannabis
Notice to creditors · 24 September 2020
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: plan · quote: Based on the Unsecured Creditor Claims known to the Proposal Trustee at this time, it is anticipated that the Funds for Distribution will be sufficient to pay all Unsecured Creditor Claims in full, less the applicable levy as indicated in the previous paragraph. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 25133 · interim final: unstated · conditional on: less the applicable levy payable to the OSB · claims qualifier: listed; basis: plan · quote: Creditors with Priority Claims in accordance with the applicable provisions of the BIA, will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Creditors with Priority Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, in a bankruptcy the expected distribution to the Unsecured Creditors would be NIL. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The liquidation and sale of the Company's assets upon bankruptcy will result in no distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: If the Proposal is not accepted by the Unsecured Creditors · claims qualifier: unstated · stated on: 2020-09-24 · table missing: