Ontario · CCAA
Motion Record
Application / notice of application · 19 March 2026
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What we verified from this filing2 verified
- counselCassels Brock & Blackwell LLP
- recovery outcomeentries: basis: estimated · quote: Based on the Updated Illustrative Recovery Analysis, the Monitor estimates that unsecured creditors with an accepted Claim pursuant to the Claims Procedure will receive a recovery ranging from approximately 87.6% to 100%. · pct of: unstated · outcome: distribution · pct low: 87.6 · pct high: 100 · class key: unsecured · stated by: monitor · class label: unsecured creditors with an accepted Claim pursuant to the Claims Procedure · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: the UK Administrators provided an updated range of recovery to unsecured creditors of 25% to 38% in the Low and High scenarios, respectively. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 38 · class key: unsecured · stated by: unstated · class label: unsecured creditors (UK Administration Proceeding) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Illustrative Recovery Analysis, the Monitor estimates that Claimants with an accepted Claim will receive a recovery ranging from approximately 64.4% to 100% of the accepted Claim amount. · pct of: unstated · outcome: distribution · pct low: 64.4 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Claimants with an accepted Claim · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: an updated range of recovery to unsecured creditors from what was outlined in the February UK Letter, of 17% to 28% in the Low and High scenarios, respectively. · pct of: unstated · outcome: distribution · pct low: 17 · pct high: 28 · class key: unsecured · stated by: unstated · class label: unsecured creditors (September UK Letter) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is expected that preferential creditors will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: unstated · class label: preferential creditors · claims amount: 464593.53 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: The secondary preferential creditors total £658,287.81 and it is expected that this will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: unstated · class label: secondary preferential creditors · claims amount: 658287.81 · interim final: unstated · claims qualifier: listed; basis: estimated · quote: Based on current estimates, the Administrators anticipate the dividend to unsecured creditors will be in the range of 25 to 38 pence in the pound. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 38 · class key: unsecured · stated by: unstated · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-19 · table missing: