Ontario · CCAA
Motion Record of Martin Ross Group Inc. dated February 2, 2016 for approval to file a Plan of Compromise or Arrangement and further stay extension
Application / notice of application · 2 February 2016
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: All Convenience Creditors shall receive payment of 100% of their Proven Claims, inclusive of interim distributions made in the CCAA Proceeding. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Under the Plan, Affected Creditors who are not Convenience Creditors, will receive, inclusive of interim distributions, a minimum distribution of $1,000.00, and, after applying the Plan Sponsor Contribution, Affected Creditors will receive total distributions representing appro~cimately 37% of the dollar value of their Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 37 · pct high: 37 · class key: unsecured · stated by: debtor · cumulative: true · class label: Affected Creditors (excluding the Plan Sponsor and Convenience Creditors) · interim final: unstated · conditional on: minimum distribution of $1,000.00 plus pro rata share of the balance · claims qualifier: unstated · stated on: 2016-02-02 · table missing: