Ontario · Foreign recognition (CCAA)
Third Report of the Information Officer
Court officer report · 24 June 2021
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: unstated · quote: The First Lien Claims were included as part of the Credit Bid and satisfied through the Sale in full and final satisfaction, settlement, and release of each of the First Lien Claims. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Class 1 First Lien Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Second Lien Claims were included as part of the Credit Bid and satisfied through the Sale in full and final satisfaction, settlement, and release of each of the Second Lien Claims. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Class 2 Second Lien Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Claims in Class 4, which consist of Holders of Other Priority Claims against the Liquidating Debtors, are not Impaired and will be paid in full on or as soon as reasonably practicable after the later of (a) the Effective Date; (b) the date the Other Priority Claim becomes an Allowed Claim; or (c) the date for payment provided by any agreement or arrangement between the Liquidating Debtors or Liquidating Trustee, as the case may be, and the Holder of the Allowed Other Priority Claim. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Class 4 Other Priority Claims · interim final: unstated · conditional on: on or as soon as reasonably practicable after the later of the Effective Date, the date the claim becomes Allowed, or the agreed payment date · claims qualifier: unstated; basis: plan · quote: Holders of Claims in Class 5, which consist of Holders of General Unsecured Claims against the Liquidating Debtors, are Impaired and will be paid Pro Rata from the remaining Liquidating Trust Assets. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Class 5 General Unsecured Claims · interim final: unstated · conditional on: paid Pro Rata from the remaining Liquidating Trust Assets · claims qualifier: unstated; basis: plan · quote: Holders of Interests in Class 6 are Impaired and are not entitled to receive any Distribution on account of their equity interests. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Class 6 Interests · interim final: unstated · claims qualifier: unstated · stated on: 2021-06-24 · table missing: