Saskatchewan · Proposal
Davey Crocket Investments Ltd. - Notice of Proposal to Creditors Package
Notice to creditors · 13 May 2025
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What we verified from this filing2 verified
- financial positionnote: SOA reports Total assets $276,388.22, Total liabilities $11,481,942.03, deficiency $11,205,553.81 as at Oct 31, 2024 (NOI filed Nov 1, 2024). The Trustee's Preliminary Report later summarizes liabilities differently, listing DCIL's guarantees of ALX's debt to BDC and CFC as '$TBD' pending ALX's asset liquidation, ACU at $346,233.50, and unsecured creditors at $11,205,554.81, for a report total of $11,551,788.31 - a figure that does not match the SOA total. The Trustee also notes the oil and gas freehold royalty (DCIL's primary asset) has not been appraised and is not reflected in the SOA, and that the $1.00 'securities' line represents DCIL's interest in both ALX and the royalty. · as at: 2024-10-31 · basis: Statement of Affairs (Form 78) - amounts stated and estimated by the debtor · scope: Davey Crocket Investments Ltd. only (entity-level); excludes ALX Artificial Lift Werx Ltd., a wholly-owned subsidiary in separate NOI/proposal proceedings, though DCIL's guarantee of ALX's secured debt is treated as a contingent liability · currency: CAD · total assets: 276388.22 · total liabilities: 11481942.03
- recovery outcomeentries: basis: plan · quote: Under this Proposal, it is expected that that proven Unsecured Claims of Unrelated Persons will be paid in full, in the same length of time that it would take to receive payment in a bankruptcy, less the Superintendent's Levy (as described herein). · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Proven Unsecured Claims of Unrelated Persons · interim final: unstated · related party: false · conditional on: 25% of the monthly distribution paid to Proven Unsecured Claims of Unrelated Persons and 75% to Proven Unsecured Claims of Related Persons, each on a pro-rata basis up to the amount necessary to satisfy all remaining Unsecured Creditors' Claims in full · claims qualifier: unstated; basis: plan · quote: 75% of the monthly distribution will be paid to the Proven Unsecured Claims of Related Persons (as defined in the Proposal); · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: Proven Unsecured Claims of Related Persons · interim final: unstated · conditional on: 25% of the monthly distribution paid to Proven Unsecured Claims of Unrelated Persons and 75% to Proven Unsecured Claims of Related Persons, each on a pro-rata basis up to the amount necessary to satisfy all remaining Unsecured Creditors' Claims in full · claims qualifier: unstated · stated on: 2025-04-30 · table missing: