Ontario · CCAA
Court Sanction Order dated January 18, 2007 approving the CCAA Plan
Plan sanction / final order · 18 January 2007
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 · 1 withheld
- presiding officerJustice Spence
- recovery outcomeentries: basis: plan · quote: will receive in respect of its Proven Claims, within 6 months of the Effective Date, in full and final satisfaction of its Affected Claims, an amount from the Affected Creditors Distribution Pool (subject to the reserves set out in Sections 5.1(b)(i), (ii), (iii) and (iv)) equivalent to 25% of the lessor of: · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: debtor · class label: Affected Creditors with aggregate Affected Claims of $5,000 or less (or reduced to $5,000) · interim final: unstated · conditional on: 25% of the lesser of $5,000 and the aggregate amount of such Affected Creditor's Proven Claims · cents on dollar: 25 · claims qualifier: unstated; basis: plan · quote: Each Affected Creditor who, on the Effective Date, holds Affected Claims in an aggregate amount in excess of $5,000 and who does not provide the Monitor with a Election to Reduce Claim prior to the Claims Bar Date will receive, in full and final satisfaction of its Affected Claims, payment of its pro rata share of the Affectèd Creditors' Distribution Pool in respect of its Proven Claims in accordance with: Article 5 hereof. · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors with Affected Claims exceeding $5,000 (no Election to Reduce Claim) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: a maximum of 25 cents for each dollar of Affected Claims not dealt with in Section 4.1(a), in accordance with Section 4.1(b). · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: debtor · class label: Affected Claims not dealt with in Section 4.1(a) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Accordingly, no distributions shall be made pursuant to this Plan in respect of Intercompany Claims and all such Intercompany Claims shall be treated as Unaffected Claims and shall be fully preserved and not released, discharged nor extinguished pursuant to Section 6.1 hereof. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Intercompany Claims / Affiliates of Cantar · interim final: unstated · related party: true · claims qualifier: unstated · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.