Ontario · CCAA
Meeting Order Motion Returnable June 22, 2022
Application / notice of application · 10 June 2022
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 filing2 verified
- presiding officerJustice Penny
- recovery outcomeentries: basis: plan · quote: Affected Claims - Affected General Unsecured Creditor Claims with Proven Claims | 70% of Proven Claim repaid in full in cash on Plan Implementation Date, with remaining 30% payable on the earlier of (i) the closing of the sale of all remaining residential units at the Sheddon Project, and (ii) eight (8) months from the Plan Implementation Date, provided that distributions will not be made to any Holdback Claim that is a Proven Claim until substantial completion of the Sheddon Project has been obtained. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Affected General Unsecured Creditors · interim final: unstated · conditional on: 70% of Proven Claim on the Plan Implementation Date, with remaining 30% payable on the earlier of (i) the closing of the sale of all remaining residential units at the Sheddon Project, and (ii) eight (8) months from the Plan Implementation Date, provided distributions withheld for Holdback Claims until substantial completion of the Sheddon Project · claims qualifier: unstated; basis: plan · quote: Affected Claims - Funded Debt Claims | Granted guarantees from each of the Boreal Entities and charges on the Real Properties until repaid in full in cash by no later than June 30, 2025 · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Funded Debt Unsecured Creditor · creditor name: Halmont · interim final: unstated · claims qualifier: unstated; basis: plan · quote: DIP Lender's Claim | Repaid in full in cash on Plan Implementation Date · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: DIP Lender's Claim · creditor name: Halmont · interim final: unstated · claims qualifier: unstated; basis: plan · quote: CCAA Charge beneficiaries and CCAA Priority Payment Claims | Repaid in full in cash on Plan Implementation Date · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: CCAA Charge beneficiaries and CCAA Priority Payment Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Equity Claims | No recovery · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-10 · table missing: