Alberta · CCAA
Order (Plan Sanction Order)
Plan sanction / final order · 13 January 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified · 1 withheld
- presiding officerJustice D.B. Nixon
- recovery outcomeentries: basis: plan · quote: ' 75% Distribution Election Amount ' means, in respect of any Accepted Claim of a General Unsecured Creditor for which a valid Distribution Election has been made or has been deemed to have been made in accordance with this Plan, 75% of the amount of such Accepted Claim, payable in cash on the Initial Distribution Date; · pct of: unstated · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: debtor · class label: General Unsecured Creditors (75% Distribution Election) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 50% of the undersigned's Accepted Claim payable in cash on the Initial Distribution Date; · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: General Unsecured Creditors (Installment Distribution Election) · interim final: unstated · conditional on: 50% of the undersigned's Accepted Claim payable in cash on the Initial Distribution Date; 25% on the First Anniversary Distribution Date subject to the First Anniversary Condition; 25% on the Second Anniversary Distribution Date subject to the Second Anniversary Condition · claims qualifier: unstated; basis: plan · quote: the amount of $15,000 (the ' Convenience Class Distribution Election ') · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 15000 · amount high: 15000 · class label: General Unsecured Creditors (Convenience Class Distribution Election) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Equity Claims shall not be entitled to attend or vote in respect of their Equity Claims at any Creditors' Meeting and shall not receive any distribution under this Plan on account of their Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Holders of Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On or as soon as practicable following the Effective Date, the Monitor shall pay in full, on behalf of Coalspur, all Crown Priority Claims, if any, that were outstanding at the Filing Date or related to the period ending on the Filing Date, to the Crown, from the Plan Implementation Fund. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Effective Date, all outstanding obligations, liabilities, fees and disbursements secured by the Administration Charge which are evidenced by invoices as at the Effective Date shall be fully paid by the Monitor, on behalf of Coalspur, from the Plan Implementation Fund. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: court_charges · stated by: debtor · class label: Claims Secured by Administration Charge · interim final: unstated · claims qualifier: unstated · stated on: 2021-11-29 · 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.