Ontario · CCAA
Eleventh Report of the Monitor
Court officer report · 4 December 2024
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: Each Affected Creditor with a Proven Claim received an initial distribution of approximately 72.3% of such Affected Creditor's Proven Claim (other than Convenience Class Creditors and Supporting Rack Landlords, who received the full amount of their respective distributions in accordance with the Plan). · pct of: proven_claims · outcome: distribution · pct low: 72.3 · pct high: 72.3 · class key: landlord · stated by: monitor · cumulative: false · class label: Affected Creditors (other than Convenience Class Creditors and Supporting Rack Landlords) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Illustrative Additional Recoveries Analysis (and subject to the qualifications noted in paragraph 3.3 above), the Monitor now estimates that Affected Creditors with Proven Claims (excluding Claims of Convenience Class Creditors and Supporting Rack Landlords) will ultimately receive aggregate distributions under the Plan in the range of approximately 78% to 80% (as compared to an estimated range of 72% to 75% provided in the Eighth Report). · pct of: unstated · outcome: distribution · pct low: 78 · pct high: 80 · class key: landlord · stated by: monitor · cumulative: true · class label: Affected Creditors with Proven Claims (excluding Claims of Convenience Class Creditors and Supporting Rack Landlords) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Monitor anticipates that smaller future distributions will be made to Affected Creditors, such that each Affected Creditor will receive aggregate distributions of approximately 72% to 75% of such Affected Creditor's Proven Claim, consistent with the range of potential recoveries set forth in the Eighth Report. · pct of: proven_claims · outcome: distribution · pct low: 72 · pct high: 75 · class key: unsecured · stated by: monitor · cumulative: true · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-12-04 · table missing: