British Columbia · CCAA
The purpose of this eleventh report (the “Eleventh Report”) is to provide the Supreme Court of British Columbia with information regarding: a) the Proofs of Claims (defined below) received; b) authorization and direction with respect to filing a Plan of Compromise and Arrangement as described herein; c) establishing the procedure for the Company to call, hold, and conduct the meeting of its creditors to consider and vote on the Plan (defined below); d) budget to actual analysis of the forecast in the Monitor’s Ninth Report (the “Ninth Report Forecast”); e) a revised forecast (the “Eleventh Report Forecast”); f) the Company’s request for an extension of the Stay of Proceedings up to and including April 30, 2019; and g) the Monitor’s recommendations
Court officer report · 13 March 2019
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Accordingly, the Plan contemplates that the Related Parties collectively stand to receive a Distribution in the amount of $153,000 which is approximately 0.52% of the total quantum of the Claims filed by the Related Parties overall. · pct of: unstated · outcome: distribution · pct low: 0.52 · pct high: 0.52 · class key: unsecured · stated by: monitor · amount low: 153000 · amount high: 153000 · class label: Related Parties (collectively) · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: that the Plan contemplates a recovery of at least 10% to Creditors comprising the General Unsecured Creditor Class; and on that basis the Monitor is of the view that Affected Creditors are unlikely to receive a better recovery in bankruptcy of the Company which would be the likely outcome should the Plan fail; and · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated · stated on: 2019-03-13 · table missing: