For persons to which the 2009 amendments do not apply
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(Paragraphs 50(6)(c) and 50.4(2)(c) of the Act)
(Title Form 1)
The (management, receiver, liquidator, etc.) of (name of insolvent person) has developed the assumptions and prepared the attached statement of projected cash-flow of the insolvent person, as of the day of , consisting of (Describe, including relevant dates).
The hypothetical assumptions are reasonable and consistent with the purpose of the projection described in Note , and the probable assumptions are suitably supported and consistent with the plans of the insolvent person and provide a reasonable basis for the projection. All such assumptions are disclosed in Notes
Since the projection is based on assumptions regarding future events, actual results will vary from the information presented, and the variations may be material.
The projection has been prepared solely for the purpose described in Note , using a set of probable and hypothetical assumptions set out in Notes Consequently, readers are cautioned that it may not be appropriate for other purposes.
Dated at , this day of .
Name of the Person
Making the Proposal
Name and Title of Signing Officer
Name and Title of Signing Officer
Note:
If a copy of this Form is sent electronically by means such as email, the name and contact information of the sender, prescribed in Form 1.1, must be added at the end of the document.