Ontario · NOI
Report to creditors dated May 25, 2021
Court officer report · 25 May 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: Based on the list of known creditors attached in Appendix 'F', distribution of the Unsecured Creditor Cash Pool is expected to result in a full recovery for Unsecured Creditors. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 110000 · interim final: unstated · conditional on: Proposal accepted by creditors and approved by the Court · claims qualifier: listed; basis: liquidation_alternative · quote: This represents an estimated recovery of approximately 16¢ on the dollar for the Company's creditors. · pct of: unstated · outcome: distribution · pct low: 16 · pct high: 16 · class key: unsecured · stated by: proposal_trustee · amount low: 371000 · amount high: 371000 · class label: the Company's creditors · interim final: unstated · conditional on: if the Proposal is not accepted or approved and the Company is deemed bankrupt · cents on dollar: 16 · claims qualifier: unstated · stated on: 2021-05-25 · table missing: