Alberta · CCAA
Brief of Law re Approval and Vesting Order Releases dated November 13, 2023
Application / notice of application · 13 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: Recoveries against TCC in a bankruptcy would be 30%, as compared to the expected range of 71 to 80% under the Amended Plan. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · stated by: court · class label: TCC (Target Canada Co.) recoveries in a bankruptcy · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Recoveries against TCC in a bankruptcy would be 30%, as compared to the expected range of 71 to 80% under the Amended Plan. · pct of: unstated · outcome: distribution · pct low: 71 · pct high: 80 · class key: unsecured · stated by: court · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Simply put, the shareholders of Lydian International will not receive any compensation for their shareholdings. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: shareholders of Lydian International · interim final: unstated · claims qualifier: unstated · table missing: