Quebec · NOI
Amended Proposal – dated June 19, 2015
Proposal document · 19 June 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: c owing to Her Majesty in right of Canada or a Province that could be subject to a demand under Section 224 (1.2) of the Income Tax Act, or under any substantially similar provision of provincial legislation, outstanding at the time of the filing of the Notice of Intention, will be paid in full within six (6) months after the Approval, as per the Act; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Her Majesty in right of Canada or a Province (Income Tax Act deemed trust claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: owing to employees and former employees, that they would have been entitled to receive under Paragraph 136(1)(d) of the Act if the employer became bankrupt on the date of the filing of the Notice of Intention, as well as wages, salaries, commissions or compensation for services rendered after that date and before the Approval, will be paid in full immediately after the Approval as per the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Creditors (Section 136(1)(d) claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims: The payment of the Preferred Claims other than those referred to in Section 3(b) hereof will be paid in full in priority to all Unsecured Claims, thirty (30) days after the Approval; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the lesser of: (i) the amount of the Proven Claim of such Unsecured Creditor and (ii) $1,800 (the "First Level Distribution") which amount, subject to paragraph e) below, shall be received within (i) thirty (30) days after the Approval for all the Unsecured Creditors other than the Employee Creditors and (ii) fifteen (15) days of the receipt by the Trustee of the required governmental confirmations in respect of the Employees Creditors only; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1800 · amount high: 1800 · class label: Unsecured Creditors - First Level Distribution · interim final: unstated · conditional on: the lesser of the Proven Claim amount and $1,800; remainder paid as Second Level Distribution pro rata · claims qualifier: unstated; basis: plan · quote: an amount equal to such Unsecured Creditor's pro rata share, calculated on the basis of the remaining amount of its Proven Claim, of any amount remaining in the Settlement Fund after the distribution of all of the First Level Distribution amounts, and subject to paragraph e) below, to all Unsecured Creditors ("Second Level Distribution"). · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors - Second Level Distribution · interim final: unstated · conditional on: 80% of Second Level Distribution within 30 days after Approval; balance of 20% within 90 days after Approval · claims qualifier: unstated; basis: plan · quote: an amount of $600,000 to be paid to the Employees Creditors on a pro rata basis of their respective Proven Claim. · pct of: unstated · outcome: distribution · stated by: debtor · amount low: 600000 · amount high: 600000 · class label: Employees Creditors (Gores Contribution) · interim final: unstated · conditional on: paid on a pro rata basis of respective Proven Claim, together with first Second Level Distribution payment · claims qualifier: unstated · table missing: