Alberta · NOI
Fifth Report of the Proposal Trustee - Filed October 7,2024
Court officer report · 7 October 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- operational summaryTWD continued operating and funding Enerstar's NOI proceedings until Enerstar's deemed bankruptcy on September 9, 2024, while working toward sale of its remaining assets to Luxur to fund its proposal, with professional fees accruing to be paid from sale proceeds.
- recovery outcomeentries: basis: plan · quote: CRA will be paid in full for its claim; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: CRA · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Priority creditors such as municipalities will be paid in full for their claims related to property taxes; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Priority creditors such as municipalities · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All secured creditors will remain unaffected, and will either be paid in full in accordance with their contracts with TWD or the contracts will continue as they will be transferred to Luxur; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Convenience Creditors with claims under $3,500 will be paid in full; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · amount low: 3500 · amount high: 3500 · class label: Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Pro Rata Creditors will be able to receive a dividend currently estimated at approximately 24% of their total claim, subject to the number of creditors and amounts paid out to Convenience Creditors, and finalization of one disputed claim. · pct of: unstated · outcome: distribution · pct low: 24 · pct high: 24 · class key: unsecured · stated by: proposal_trustee · class label: Pro Rata Creditors · interim final: unstated · conditional on: subject to the number of creditors and amounts paid out to Convenience Creditors, and finalization of one disputed claim · claims qualifier: unstated; basis: liquidation_alternative · quote: In a Bankruptcy, the Affected Creditors (i.e. Unsecured Creditors) will likely receive no dividend due to the priority of the Administrative Charge, Interim Financing Charge, CRA's Deemed Trust Claims, Secured Creditors and Priority Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors (Unsecured Creditors) · interim final: unstated · claims qualifier: unstated · stated on: 2024-10-07 · table missing:
- report date7 October 2024
- report noFifth Report of the Proposal Trustee