Quebec · CCAA
Contestation of the Application for the issuance of an order extending the stay of proceedings and authorizing an interim financing filed by Callidus
Application / notice of application · 18 September 2017
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 · 1 withheld
- recovery outcomeentries: basis: plan · quote: In accordance with Callidus'Plan, which provides for a basket proposal of $2,000,000, 134 creditors of the Applicants, of which 67 are employees, on a total of 173 (77,5%) will receive the immediate payment of 100% of their claims, while the remaining 39 creditors will share the residual amount, which should represent approximately 31% of their respective claims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: unstated · class label: 134 creditors of the Applicants, of which 67 are employees, on a total of 173 (77,5%) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In accordance with Callidus'Plan, which provides for a basket proposal of $2,000,000, 134 creditors of the Applicants, of which 67 are employees, on a total of 173 (77,5%) will receive the immediate payment of 100% of their claims, while the remaining 39 creditors will share the residual amount, which should represent approximately 31% of their respective claims. · pct of: unstated · outcome: distribution · pct low: 31 · pct high: 31 · class key: unsecured · stated by: unstated · class label: the remaining 39 creditors · interim final: unstated · 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.