Quebec · CCAA
Motion for Order for a 4th extension of the Stay Period, authorization to file a Plan of Arrangement – dated January 19, 2012
Application / notice of application · 19 January 2012
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: The Plan of Arrangement provides for a single class of unsecured creditors that will receive a dividend of $ 6,000,000 to be distributed in five (5) instalments over a period of three (3) years; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 6000000 · amount high: 6000000 · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In addition, the Plan of Arrangement provides that all unsecured creditors may elect to receive the lesser of (i) $ 1,000, or (ii) the full amount of their proven Claims in a single lump sum payment; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1000 · amount high: 1000 · class label: Affected Creditors electing lump sum payment · interim final: unstated · conditional on: lesser of $1,000 or full amount of Proven Claim, in a single lump sum payment · claims qualifier: unstated · table missing: