Alberta · Proposal
First Report of the Proposal Trustee
Court officer report · 7 October 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- financial positionnote: The Companies have no secured lenders (page 8, original p.5); no consolidated balance sheet/statement of assets and liabilities is presented on the pages provided · page: 8 · currency: CAD
- unsecured creditorsnote: Principal and interest due to noteholders as at July 31, 2022; original aggregate principal amount of the unsecured promissory notes issued to approx. 40 noteholders was approx. $6.9 million (page 4/original p.4); table figure is exact dated balance including accrued interest · page: 8 · as of: 2022-07-31 · basis: Summarized unsecured creditors the Proposal Trustee was made aware of at the date of the NOI filing · amount: 9713000 · debtor: BR Capital LP · creditor: Noteholders (BR Notes) · currency: CAD
- unsecured creditorsnote: Related party: deferred compensation owed to Companies' CEO and CFO · page: 8 · as of: 2022-07-31 · basis: Summarized unsecured creditors the Proposal Trustee was made aware of at the date of the NOI filing · amount: 1662000 · debtor: BR Capital Group companies · creditor: Deferred management compensation (CEO and CFO) · currency: CAD
- unsecured creditorsnote: Deemed trust class - unpaid payroll source deductions · page: 8 · as of: 2022-07-31 · basis: Summarized unsecured creditors the Proposal Trustee was made aware of at the date of the NOI filing · amount: 179000 · debtor: BR Capital Group companies · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Preferred claim class under BIA - unpaid wages, vacation, and severance amounts · page: 8 · as of: 2022-07-31 · basis: Summarized unsecured creditors the Proposal Trustee was made aware of at the date of the NOI filing · amount: 80000 · debtor: BR Capital Group companies · creditor: Current and prior employees · currency: CAD
- unsecured creditorsnote: Document names no individual trade creditors, aggregate trade creditor figure only · page: 8 · as of: 2022-07-31 · basis: Summarized unsecured creditors the Proposal Trustee was made aware of at the date of the NOI filing · amount: 356000 · debtor: BR Capital Group companies · creditor: Trade creditors · currency: CAD
- secured creditors