Ontario · NOI
Book of Authorities of Forward Dimension Capital 1 LLP For the Application returnable November 14, 2017
Application / notice of application · 14 November 2017
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Proposal provides, among other things, that Milan will pay to the Trustee sufficient monies to pay 15 cents on the dollar to unsecured creditors who have filed valid proofs of claim. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 15 · class key: unsecured · stated by: debtor · class label: unsecured creditors who have filed valid proofs of claim · interim final: unstated · cents on dollar: 15 · claims qualifier: unstated; basis: estimated · quote: It is estimated that if the preliminary figures provided by Price ... are realized, the ultimate dividend to creditors will be between 21% and 28% . · pct of: unstated · outcome: distribution · pct low: 21 · pct high: 28 · class key: unsecured · stated by: trustee · class label: unsecured creditors (ultimate dividend estimate) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Total unsecured claims are in the range of $8.6 million. Therefore unsecured creditors can expect to realize 15%-22% of their claims from the surplus. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 22 · class key: unsecured · stated by: trustee · class label: unsecured creditors · claims amount: 8600000 · interim final: unstated · claims qualifier: estimated; basis: actual · quote: The secured creditors' claims have been paid in full from the sale of assets. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: if the proposal unfolds according to the trustee's scenario, most unsecured creditors will receive about 20 cents on the dollar whereas the wives' numbered company will receive about $425,000 on an unsecured claim of $295,000. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: trustee · class label: most unsecured creditors · interim final: unstated · cents on dollar: 20 · claims qualifier: unstated; basis: plan · quote: if the proposal unfolds according to the trustee's scenario, most unsecured creditors will receive about 20 cents on the dollar whereas the wives' numbered company will receive about $425,000 on an unsecured claim of $295,000. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · amount low: 425000 · amount high: 425000 · class label: wives' numbered company (unsecured creditor) · claims amount: 295000 · creditor name: numbered company owned by the wives of Cohen and Feder · interim final: unstated · claims qualifier: asserted; basis: plan · quote: Its claim of about $162,000 will be paid in full, even though the trustee admits that at no time before the creditors' meeting did it investigate this claim to determine its validity. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: C. Douglas Cardoza Limited (secured creditor) · claims amount: 162000 · creditor name: C. Douglas Cardoza Limited · interim final: unstated · claims qualifier: asserted · table missing: