Alberta · CCAA
Application (Meeting Order) with Schedules, filed August 19, 2020
Application / notice of application · 24 August 2020
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 filing5 verified
- presiding officerJustice Little
- presiding officerJustice Grosse
- presiding officerJustice Jeffrey
- presiding officerJustice Jones
- recovery outcomeentries: basis: plan · quote: Existing Equity Holders and holders of Equity Claims shall not be entitled to attend or vote in respect of their Equity Claims at any meeting to consider and approve this Plan and shall not receive any distribution under the Plan on account of their Existing Shares or Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Existing Equity Holders and holders of Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Cequence will pay in full the Affected Claims of the Convenience Class Creditors, and all of the Affected Claims of the Convenience Class Creditors will be fully and finally forgiven, settled and extinguished. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Convenience Class Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Cequence will pay the Unsecured Creditors that are not Convenience Class Creditors (i) 100% of the first $1,500 of each Unsecured Claim, and (ii) payment of the Pro Rata Share in respect of each Unsecured Claim of the balance of the Unsecured Creditors' Fund, and each such Unsecured Creditor's Affected Claim will be fully and finally forgiven, settled and extinguished. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Unsecured Creditors that are not Convenience Class Creditors · interim final: unstated · conditional on: 100% of the first $1,500 of each Unsecured Claim; payment of the Pro Rata Share in respect of each Unsecured Claim of the balance of the Unsecured Creditors' Fund · claims qualifier: unstated · table missing: