British Columbia · Proposal
Proposal - True Leaf Brands Inc.
Proposal document · 1 October 2020
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Proposal will provide for the sum of $85,000 to be distributed to the Unsecured Creditors (the ' Funds for Distribution '). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 85000 · amount high: 85000 · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The liquidation and sale of the Company's assets upon bankruptcy will result in no distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · conditional on: If the Proposal is not accepted by the Unsecured Creditors, the Company will be deemed bankrupt · claims qualifier: unstated · table missing: