Ontario · CCAA
Motion Record Fourth HWT Interim Distribution, returnable
Application / notice of application · 23 August 2011
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: unstated · quote: THIS COURT ORDERS that the amount of the Fourth Interim Distribution of the HW I'orpus to each LTD Beneficiary entitled to LTD Life and LTD Optional Life Benefit, as applicable, for which the Monitor or the Applicants shall direct payment, will be 25% of LTD Life and LTD Optional Life Benefit calculated in accordance with the Approved HWT Allocation Methodology, using data available as of December 31, 2010 according to the Applicants'ooks and records, as updated from time to time. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: court · cumulative: false · class label: LTD Beneficiaries entitled to LTD Life and LTD Optional Life Benefit · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The Monitor believes the total ultimate distribution from the HWT is likely to meet or exceed 33.8%of the value of the Participating Benefits, being the percentage indicated in the illustrative scenario reflecting the Approved HWT Allocation Methodology filed with the Supplement to the Monitor's Fifty-First Report. · pct of: unstated · outcome: distribution · pct low: 33.8 · pct high: 33.8 · class key: unsecured · stated by: monitor · cumulative: false · class label: Participating Beneficiaries · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The LTD Beneficiaries have to date received 25% of the value of their LTD Income benefit as a result of a series of interim distributions approved by this Honourable Court. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · cumulative: true · class label: LTD Beneficiaries (LTD Income benefit) · interim final: interim · claims qualifier: unstated; basis: unstated · quote: No interim distribution is being made to Pensioner Life beneficiaries at this time as the process for confirming their entitlements, including relevant data, and for making distributions to them, is not as advanced as it is for those LTD Beneficiaries entitled to LTD Life and LTD Optional Life Benefit. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Pensioner Life beneficiaries · interim final: unstated · conditional on: process for confirming their entitlements is not as advanced · claims qualifier: unstated · stated on: 2011-08-17 · table missing: