Ontario · Proposal

Motion Record of Tobmar Investments International Inc. (returnable May 10, 2022)

Application / notice of application · 3 May 2022

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: liquidation_alternative · quote: Furthermore, if the extension sought is not granted, the Corporations will likely be unable to make viable Proposals to their creditors and become bankrupt. In such circumstances, secured creditors are unlikely to be fully paid, there will be no recovery for unsecured creditors and the viability of the independently owned and operated franchised businesses will be put at risk. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · conditional on: if the extension is not granted and the Corporations become bankrupt · claims qualifier: unstated · stated on: 2022-05-03 · table missing: