British Columbia · CCAA
Notice of Application Re Distribution and Sealing Order
Application / notice of application · 23 March 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 · 1 withheld
- counselCassels Brock & Blackwell LLP
- recovery outcomeentries: basis: estimated · quote: 51. As detailed further in section 7.0 of the Twelfth Report, the Monitor anticipates that approximately $29.1 million will be available for distribution, representing a recovery to Claimants/Employee Claimants in the range of 90% of their Accepted Claims. · pct of: unstated · outcome: distribution · pct low: 90 · pct high: 90 · class key: preferred · stated by: monitor · class label: Claimants/Employee Claimants holding Accepted Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: 5. The Monitor, on behalf of the Petitioners, is hereby authorized, directed, and empowered to make an interim cash distribution, in accordance with the Proposed Distribution Methodology in the aggregate amount of no more than $23.3 million, to: · pct of: unstated · outcome: distribution · class key: preferred · stated by: monitor · cumulative: false · amount high: 23300000 · class label: Claimants and Employee Claimants holding Accepted Claims · interim final: interim · claims qualifier: unstated; basis: unstated · quote: (e) no distributions will be made to the holders of the disputed St. Denis Claim, and the Monitor shall create the St. Denis Reserve pending the resolution of entitlement to and quantum of the St. Denis Claim. · pct of: unstated · outcome: nil · stated by: monitor · class label: the holders of the disputed St. Denis Claim · creditor name: St. Denis · interim final: unstated · conditional on: pending resolution of entitlement to and quantum of the St. Denis Claim · claims qualifier: unstated · stated on: 2022-03-23 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.