Quebec · CCAA
Report of the Monitor for the Purpose of the Sanction of the Amended Consolidated Plan of Arrangement – dated November 26, 2014
Plan of arrangement / compromise · 26 November 2014
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: As shown in the above table, the recovery under the Plan is estimated to be 31% of the total proven Affected Claims. · pct of: proven_claims · outcome: distribution · pct low: 31 · pct high: 31 · class key: unsecured · stated by: monitor · amount low: 100000 · amount high: 100000 · class label: Affected Creditors · claims amount: 319054 · interim final: unstated · claims qualifier: listed; basis: unstated · quote: Given that Capital holds secured debt well in excess of the potential proceeds from the Sundry Assets, the unsecured creditors will not realize any recovery of their debt absent the approval of the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: absent the approval of the Plan · claims qualifier: unstated; basis: plan · quote: As shown in the above table, the recovery under the Plan is estimated to be between 13% and 21% of the total proven Affected Claims. · pct of: proven_claims · outcome: distribution · pct low: 13 · pct high: 21 · class key: unsecured · stated by: monitor · amount low: 100000 · amount high: 100000 · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that Capital holds secured debt well in excess of the potential proceeds from the Sundry Assets, it is unlikely that the unsecured creditors will realize any recovery of their debt absent the approval of the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: absent the approval of the Plan · claims qualifier: unstated · stated on: 2014-11-26 · table missing: