Ontario · CCAA
Motion Record of Martin Ross Group Inc. dated April 7, 2016 for a Plan Sanction Order and further stay extension
Application / notice of application · 7 April 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: If the Plan is implemented, Affected Creditors can be expected to recover approximately 36.55% of their proven claims (inclusive of $7.3 million in interim distributions already received). · pct of: proven_claims · outcome: distribution · pct low: 36.55 · pct high: 36.55 · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · related party: false · conditional on: If the Plan is implemented · claims qualifier: unstated; basis: plan · quote: These creditors will receive payment of 100% of the value of their proven claims, after taking into consideration interim distributions already received. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: convenience class of 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 $1,000.00, and, a$er applying the Plan Sponsor Contribution, Affected Creditors will receive total distributions estimated to be approximately 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 · amount low: 1000 · cumulative: true · amount high: 1000 · class label: Affected Creditors who are not Convenience Creditors · interim final: unstated · conditional on: minimum distribution of $1,000.00, and, after applying the Plan Sponsor Contribution · claims qualifier: unstated · table missing: