Ontario · Proposal
Report to Court seeking approval of Folmur Proposal dated January 5, 2021 – Part 1 or 2
Court officer report · 5 January 2021
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: Creditors will receive payment of 95% of their claims. · pct of: unstated · outcome: distribution · pct low: 95 · pct high: 95 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: 100% of each claim, net of the statutory OSB levy equal to 5% · claims qualifier: unstated; basis: actual · quote: The Company has paid this amount in full. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · amount low: 59591 · amount high: 59591 · class label: Deemed Trust Claim (CRA) · claims amount: 59591 · creditor name: CRA · interim final: unstated · claims qualifier: proven · stated on: 2021-09-08 · table missing: