Ontario · Proposal

Proposal Notice to Creditors

Notice to creditors · 4 November 2016

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

financial positionnote: Total assets of $7,088.01 comprise a locked-in RRSP of $7,086.01 (exempt property), various share interests in partnerships and corporations at $1.00, and a debt due from TCC/Urbancorp (Bay) Limited Partnership at $1.00 (book value $516,781). Estimated net realizable value is $2.00. Liabilities are all unsecured ($8,339,823.19), with $0.00 secured and $0.00 preferred; many contingent creditors are listed at a nominal $1.00. Report says the realizable value of the share interests will not be known until the CCAA proceedings complete their realizations. · as at: 2016-10-27 · basis: Debtor's Form 79 Statement of Affairs (sworn October 27, 2016); assets and holdings remain under review by the Proposal Trustee; realizable value not yet known · scope: Alan Saskin, individual debtor (personal); not consolidated with any Urbancorp entity · currency: CAD · total assets: 7088.01 · total liabilities: 8339823.19