Quebec · Proposal
Report of Trustee on Proposal
Court officer report · 16 October 2019
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What we verified from this filing2 verified
- financial positionnote: Trustee's estimated net realizable value of assets is $1,163K (vs. $1,974K per SOA book value), broken down by category (inventory $100K, accounts receivable $580K, operating equipment $175K, waterjet $303K, IT equipment $5K, others nil). Liabilities per SOA total $3,513K, comprising Revenue Canada $38K, Revenue Quebec $171K, LBC $328K, Wells Fargo $303K, and unsecured $2,673K. · as at: 2019-09-16 · basis: Unaudited Statement of Affairs (SOA) figures as reported by the debtor; figures in '000s · scope: entity - Métaux M.P.I. Inc. (the debtor), not consolidated · currency: CAD · total assets: 1974000 · total liabilities: 3513000
- recovery outcomeentries: basis: plan · quote: | Amount available for distribution to unsecured creditors | 100 | 14 | · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · amount low: 100000 · amount high: 100000 · class label: unsecured creditors · claims amount: 1004000 · interim final: unstated · conditional on: The execution of the Proposal is contingent on the Company generating sufficient funds over the next 12 months. · claims qualifier: listed; basis: plan · quote: The Proposal provides and, PwC has obtained a confirmation from the representatives of 9132 and other related persons that said related persons would not file a claim in the Proposal for pre-NOI amounts and that same would be postponed such that no dividend would be paid on these claims in the event that the Proposal is accepted by the creditors and ratified by the Court. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: 9132 (related party unsecured claim) · claims amount: 1669000 · creditor name: 9132 · interim final: unstated · related party: true · conditional on: in the event that the Proposal is accepted by the creditors and ratified by the Court · claims qualifier: estimated · stated on: 2019-10-16 · table missing: