Newfoundland and Labrador · Proposal
Proposal Creditors Package
Meeting materials · 27 March 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Proven Claims of the Preferred Creditors (excluding the Employee Claims) of the Debtor will be paid in full priority to the Proven Claims of other Unsecured Creditors in accordance with the BIA and the Proposal. · pct of: proven_claims · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Convenience Claim portion of Proven Claims of Unsecured Creditors will be paid in full, without interest; and · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (Convenience Claim portion) · interim final: unstated · conditional on: The Convenience Claim portion is paid in full; the remainder of Proven Claims of Unsecured Creditors is paid pro-rata · claims qualifier: unstated; basis: plan · quote: On a pro-rata basis, in full and final satisfaction of Unsecured Creditors' Proven Claims which are to include claims of every nature and kind whatsoever, whether contingent or unliquidated, arising out of transactions entered into by Debtor prior to the Filing Date, payment from the Proposal Proceeds for Proven Claims of Unsecured Creditors, less payment made towards the Convenience Claim, without interest. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (balance of Proven Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Debtor proposes that Deferred Creditors shall not receive any distribution in this Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Deferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all Crown Claims that were outstanding at the Filing Date, if any, shall be paid in full to Her Majesty in right of Canada or a province, within six months after the Court has granted the Approval Order; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Priority Creditors (Crown Claims) · creditor name: Her Majesty in right of Canada or a province · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Post Filing Claims will be paid in full by the Debtor in the ordinary course of business and on regular trade terms, or as may otherwise be arranged with the holders of such Post Filing Claims. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post Filing Claims · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-27 · table missing: