Nova Scotia · Proposal

Report of Trustee on The Proposal

Court officer report · 1 June 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 filing2 verified

financial positionnote: Assets book value components: Miscellaneous Receivables 167,843; Inventory 2,400,000; Land 1,921,568 (total 4,489,411). Estimated realizable value in liquidation ranges Low 300,000 / High 500,000 before deductions, Estimated Net Realizations 268,000 to 459,000. Creditors: Secured 156,989; Preferred nil; Unsecured 4,525,494; Total 4,682,482. · as at: 2021-12-31 · basis: internal/draft financial statements, book value; Proposal Trustee has not audited/reviewed the figures · scope: entity - combined Cochran Landing Limited Partnership, Cochran Landing GP Inc. and CL Development Ltd. (Cochran Group) · currency: CAD · total assets: 4489411 · total liabilities: 4682482
recovery outcomeentries: basis: liquidation_alternative · quote: | Dividend Yield | | 5.1% | 9.3% | · pct of: unstated · outcome: distribution · pct low: 5.1 · currency: CAD · pct high: 9.3 · class key: unsecured · stated by: proposal_trustee · amount low: 230850 · amount high: 421800 · class label: Unsecured Creditors · claims amount: 4525494 · interim final: unstated · conditional on: potential bankruptcy scenario · currency quote: In CAD ($) · claims qualifier: unstated · stated on: 2022-06-01 · table missing: