Quebec · CCAA
Appendices 1 to 5 of the Declaration in support of the Motion for permission to appeal the judgment rendered June 16, 2022
Application / notice of application · 27 June 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- presiding officerJustice Michel A. Pinsonnault
- recovery outcomeentries: basis: plan · quote: en acquittant les sommes payables aux créanciers ordinaires qui ont approuvé le Plan d'arrangement en acceptant un paiement équivalant à 6 % de leurs réclamations respectives. · pct of: unstated · outcome: distribution · pct low: 6 · pct high: 6 · class key: unsecured · stated by: court · class label: créanciers ordinaires qui ont approuvé le Plan d'arrangement · interim final: unstated · conditional on: exit financing from the CIBC Syndicat · claims qualifier: unstated; basis: liquidation_alternative · quote: As such, the Monitor expects that in the context of a liquidation, there would be no amount available for distribution to the unsecured creditors who would be considered Affected Creditors under the Plan , except perhaps a very nominal amount resulting from the proceeds of the assets located in Canada, other than in Québec and Ontario · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors who would be considered Affected Creditors under the Plan · interim final: unstated · conditional on: except perhaps a very nominal amount from assets located in Canada other than Québec and Ontario · claims qualifier: unstated; basis: liquidation_alternative · quote: The analysis performed by the Monitor suggests that in the event of a liquidation process, the value of the assets would likely be insufficient to pay the secured creditors in full · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: secured creditors · interim final: unstated · conditional on: liquidation process · claims qualifier: unstated · stated on: 2022-06-16 · table missing: