British Columbia · Proposal
Proposal Trustee's Preliminary Report to Creditors
Court officer report · 7 January 2022
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: Pursuant to the terms of the Proposal, $700,000 will be paid into the Proposal Fund by the Proposal Sponsor and it is estimated that the creditors may receive a dividend of approximately 3%. · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: proposal_trustee · class label: General Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: In a bankruptcy, the Trustee does not anticipate any proceeds to be realized and does not expect any realization for the Debtor's creditors. · pct of: unstated · outcome: nil · stated by: proposal_trustee · class label: Debtor's creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | Estiamted Claims of General Creditors | $22,401,016 | | · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: proposal_trustee · amount low: 660000 · amount high: 660000 · class label: General Unsecured Creditors · claims amount: 22401016 · interim final: unstated · claims qualifier: estimated · stated on: 2022-01-07 · table missing: