Ontario · Proposal
Report on Proposal
Court officer report · 20 April 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- commencement date20 April 2022
- court file no33-2823071
- provinceONTARIO
- recovery outcomeentries: basis: plan · quote: BDC - 50% recovery on its indebtedness, which would be converted to a fixed term loan and repaid over a period of 60 months after the Effective Date; · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: proposal_trustee · class label: BDC · creditor name: BDC · interim final: unstated · conditional on: converted to a fixed term loan and repaid over a period of 60 months after the Effective Date · claims qualifier: unstated; basis: plan · quote: Equipment Lessors - continue existing financing arrangements with the Company with any arrears repaid within 4 months after the Effective Date; and · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: proposal_trustee · class label: Equipment Lessors · interim final: unstated · conditional on: continue existing financing arrangements with any arrears repaid within 4 months after the Effective Date · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors - pro rata share of the lesser of $290,000 and 10% of the Proven Claims of Unsecured Creditors, which based on the amounts set forth in Section G above would result in a gross dividend yield of approximately 9.5% (excluding any deductions for the fees of the Proposal Trustee and the Levy). · pct of: unstated · outcome: distribution · pct low: 9.5 · pct high: 9.5 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: pro rata share of the lesser of $290,000 and 10% of the Proven Claims of Unsecured Creditors, distributed no later than 36 months after the Effective Date · claims qualifier: unstated; basis: liquidation_alternative · quote: | Surplus/ (Shortfall) to Secured Creditors | | | (732) $ | (471) $ | | · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: | Estimated Funds Available for Distribution | | | $Nil | $Nil | | · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Estimated Funds Available for Distribution · interim final: unstated · claims qualifier: unstated · table missing: