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The Plan provides that the Debtors may initiate <br /> objections to any claim on or before the Effective Date. <br /> Additionally, the Trustee of the Creditors' Trust or the Creditor <br /> Representatives may initiate proceedings to object to any claim <br /> for a period of 30 days after the Effective Date. <br /> Any claim for which a proof of claim has been filed <br /> within any applicable period of limitation fixed by the Court, or <br /> any scheduled claim which is deemed filed under Section 1111(a) of <br /> the Bankruptcy Code to which no objection is filed shall be deemed <br /> allowed. Any claim which is not deemed filed under Section 1111(a) <br /> of the Bankruptcy Code and for which no proof of claim has been <br /> timely filed shall not be treated as a claim for purposes of <br /> distribution under the Plan, whether or not an objection to such <br /> claim is initiated. <br /> IV. FINANCIAL PROJECTIONS <br /> This Section of the Disclosure Statement contains the <br /> Debtor's estimates of the proceeds that may be generated from <br /> liquidation. The Plan provides a fixed distribution to all classes <br /> of creditors except the Class 4 claim of Sanwa. As is set forth <br /> below, the distributions to all classes other than Sanwa is <br /> estimated to require net liquidation proceeds of $4,855,000. To <br /> the extent that the liquidation of the Debtor's estate generates <br /> more than that amount, the amount of that excess is principally a <br /> matter of interest to Sanwa. <br /> The projections contained herein represent the Debtor's <br /> best estimates as to the values of its assets, but should be read <br /> as statements of opinion and not statements of fact. The Debtor is <br /> unable to make any representation or warranty as to the correctness <br /> of these estimates, projections, and opinions, or that they <br /> actually will be realized. <br /> A. Proiection of Liquidation Proceeds <br /> The principal assets of the Debtor are described below. <br /> Equipment. The sales and marketing program involving the <br /> Debtor's mining equipment is described in Section II.B, "Sales of <br /> Equipment, " above. Through August 31, 1993, gross sales of <br /> equipment have totalled $1,354,829. <br /> The equipment sale program necessitated the removal of <br /> equipment from underground, at considerable expense. Additional <br /> expenses have been incurred in refurbishing the equipment for <br /> resale. All of these expenses have been incurred by ME rather <br /> than the Debtor. The total of these expenses, through August 31, <br /> 1993, have been $846,907. <br /> 34 <br />