Quebec · CCAA
Motion for the Sanction of a Compromise by a Court
Application / notice of application · 7 February 2006
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: liquidation_alternative · quote: Should the Amended Plan not be implemented and EVH file for bankruptcy, Parmalat Holdings Limited and 2975483 Canada Inc. would likely enforce their security over EVH's assets, which could result in the Unsecured Creditors receiving no dividend whatsoever. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · conditional on: Should the Amended Plan not be implemented and EVH file for bankruptcy · claims qualifier: unstated; basis: liquidation_alternative · quote: Moreover, even if Parmalat Holdings Limited and 2975483 Canada Inc. were to be treated as Unsecured Creditors, the other Unsecured Creditors would receive, in a bankruptcy scenario, a dividend of no more than 14% of their Unsecured Claim accepted as Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 14 · pct high: 14 · class key: unsecured · stated by: debtor · class label: other Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing: