Ontario · NOI
Motion Record of the Trustee – Returnable October 3, 2023
Application / notice of application · 3 October 2023
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What we verified from this filing4 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noBK-23-2946534-0031
- provinceOntario
- recovery outcomeentries: basis: plan · quote: The Minister of Finance shall receive $50,000 in respect of the secured portion its EHT claim; · pct of: unstated · outcome: distribution · class key: secured · stated by: proposal_trustee · amount low: 50000 · amount high: 50000 · class label: His Majesty in Right of Ontario (secured EHT claim, Class 1) · creditor name: His Majesty in Right of Ontario / Minister of Finance · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As required under the BIA, Crown Priority Claims, being proven pre-filing claims of Canada Revenue Agency (' CRA '), or any province, contemplated by section 60(1.1) of the BIA, consisting of unremitted source deductions will be paid in full to be paid by the Proponent to the Proposal Trustee from its operating funds and remitted by the Proposal Trustee to CRA, or the province, as applicable, within six (6) months of the Court Approval Date. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims shall be paid in full, without interest, out of the Funded Proposal Payment, in priority to Convenience Class Claims and Unsecured Creditors and in accordance with the scheme of distribution set forth in the BIA; and · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Former Employee Claims shall be paid an amount equal to the Former Employee's maximum entitlement under the WEPPA, less any amounts received on account of Employee Preferred Claims; · pct of: unstated · outcome: distribution · class key: weppa · stated by: proposal_trustee · class label: Former Employee Claims (WEPPA) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors who elect to be included in the Convenience Class will receive a distribution that is equal to the lesser of: (i) 100% of the value of their Proven · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 500 · amount high: 500 · class label: Convenience Class Unsecured Creditors · interim final: unstated · conditional on: lesser of 100% of the value of their Proven Unsecured Claim, and $500 · claims qualifier: unstated; basis: plan · quote: the general unsecured creditors shall receive their proportionate share of 1% of the new equity in the Company. · pct of: unstated · outcome: distribution · pct low: 1 · pct high: 1 · class key: unsecured · stated by: proposal_trustee · class label: general unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-09-18 · table missing: