British Columbia · CCAA
Fifth Report of the Monitor - 13 Dec 2023
Court officer report · 13 December 2023
Also filed as: Fifth Report of the Monitor
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: For Proven Claims the amount of which is equal to or less than $2,000, each Unsecured Creditor shall receive a cash distribution in an amount equal to 100% of their Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors (Proven Claims ≤ $2,000) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: For Proven Claims the amount of which is greater than $2,000, each Unsecured Creditor who files a Convenience Creditor Election shall receive a cash distribution in an amount equal to $2,000. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Unsecured Creditors (Proven Claims > $2,000, Convenience Creditor Election) · interim final: unstated · conditional on: Convenience Creditor Election: flat $2,000 cash distribution regardless of claim size above $2,000 · claims qualifier: unstated; basis: plan · quote: For Proven Claims the amount of which is greater than $2,000, each Unsecured Creditor who does not file a Convenience Creditor Election shall receive a cash distribution in an amount equal to two cents for each dollar of their Proven Claim up to a maximum amount of $25,000 per creditor. · pct of: proven_claims · outcome: distribution · pct low: 2 · pct high: 2 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors (Proven Claims > $2,000, no Convenience Creditor Election) · interim final: unstated · conditional on: capped at maximum $25,000 per creditor · cents on dollar: 2 · claims qualifier: unstated; basis: estimated · quote: In general terms, it is expected that Affected Creditors having Proven Claims that are not Convenience Creditors will receive approximately 2% of their Proven Claim, although such distribution could be less. · pct of: proven_claims · outcome: distribution · pct low: 2 · pct high: 2 · class key: unsecured · stated by: monitor · class label: Affected Creditors having Proven Claims that are not Convenience Creditors · interim final: unstated · conditional on: distribution could be less · cents on dollar: 2 · claims qualifier: unstated; basis: unstated · quote: CWB and BMO in accordance with their respective Restructuring Support Agreement in full and final satisfaction of their respective Secured Claims; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: CWB and BMO (Secured Creditors) · creditor name: CWB and BMO · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $32,500 to the Province of British Columbia in full and final satisfaction of the Province of British Columbia Secured Claim. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · amount low: 32500 · amount high: 32500 · class label: Province of British Columbia (Secured Creditor) · creditor name: Province of British Columbia · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All proofs of claim filed against Whiskey Charlie Holdings Ltd. are for less than $2,000, which means they will be paid in full under the Plan, as discussed below. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Whiskey Charlie Holdings Ltd. unsecured claims (under $2,000) · creditor name: Whiskey Charlie Holdings Ltd. · interim final: unstated · claims qualifier: unstated · table missing: