Ontario · Proposal
Report of Trustee on Proposal
Court officer report · 18 November 2019
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: As can be seen below, the net estimated recovery to General Unsecured Creditors in the Bankruptcy Scenario is 3.3% versus approximately 12.5% under the Proposal Scenario. · pct of: unstated · outcome: distribution · pct low: 3.3 · pct high: 3.3 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors (Bankruptcy Scenario) · claims amount: 16946000 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: As can be seen below, the net estimated recovery to General Unsecured Creditors in the Bankruptcy Scenario is 3.3% versus approximately 12.5% under the Proposal Scenario. · pct of: unstated · outcome: distribution · pct low: 12.5 · pct high: 12.5 · class key: unsecured · stated by: proposal_trustee · class label: General Unsecured Creditors (Proposal Scenario) · claims amount: 16946000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: | Estimated Recovery to CRA for Crown Priority Claims | 100% | Estimated Recovery to CRA for Crown Priority Claims from the Funded Proposal Payments | n/a | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: deemed_trust · stated by: proposal_trustee · class label: CRA (Crown Priority Claims) · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: plan · quote: According to the Proposal, Crown Priority Claims will be paid in full within six (6) months of the · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Preferred Claims, shall be paid in full, without interest, in priority to General Unsecured Claims out of additional operating funds to be delivered by the Company to the Pror ree b rsl nel l r l rsl rnt any. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Any other proven Preferred Claims, if any, shall be paid in full, without interest, out of Funded Proposal Payments, in priority to General Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Other proven Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven General Unsecured Creditor Claims, after satisfaction of any priority claims, shall be paid pro rata out of the Funded Proposal Payments as set out below. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · class label: General Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-11-18 · table missing: