Ontario · Receivership (court-appointed)
First Report of the Proposal Trustee dated February 11, 2021
Court officer report · 11 February 2021
Also filed as: Fifth Report of the Receiver dated February 11, 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Based on the list of known creditors attached in Appendix 'I', amounts payable to Ordinary Creditors under the Proposal may be up to 47¢ on the dollar; however, this amount may be reduced based on proofs of claim filed. · pct of: unstated · outcome: distribution · pct low: 47 · pct high: 47 · class key: unsecured · stated by: proposal_trustee · class label: Ordinary Creditors (Affected Creditors) · claims amount: 267000 · interim final: unstated · conditional on: this amount may be reduced based on proofs of claim filed · cents on dollar: 47 · claims qualifier: listed; basis: liquidation_alternative · quote: Payments under the Proposal could result in a recovery of up to approximately 47¢ on the dollar for the Affected Claims versus the alternative, which is a nil recovery if the Proposal is rejected and Rando becomes bankrupt. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors / Affected Claims · interim final: unstated · conditional on: if the Proposal is rejected and Rando becomes bankrupt · claims qualifier: unstated; basis: plan · quote: Within five (5) Business Days of the Proposal Implementation Date, Crown Claims and Preferred Claims, if any, will be paid in full by the Proposal Trustee. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Equity Claims shall not receive any consideration or distributions under this Proposal and shall not be entitled to vote on this Proposal at the Meeting. · pct of: unstated · outcome: nil · class key: equity · stated by: proposal_trustee · class label: Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2021-02-11 · table missing: