Ontario · Proposal
Notice to Creditors re: bankruptcy
Notice to creditors · 27 September 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Overall, the attached statement of affairs indicates total secured creditors claims are close to $12.2 million. The anticipated realizations from the assets are expected to result in a substantial shortfall to the secured creditors and therefore, there will likely be no proceeds available for either preferred or unsecured creditor claims. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: secured creditors · claims amount: 12200000 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: The anticipated realizations from the assets are expected to result in a substantial shortfall to the secured creditors and therefore, there will likely be no proceeds available for either preferred or unsecured creditor claims. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The anticipated realizations from the assets are expected to result in a substantial shortfall to the secured creditors and therefore, there will likely be no proceeds available for either preferred or unsecured creditor claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: