Alberta · CCAA
Amended Plan of Compromise and Arrangement
Plan of arrangement / compromise · 14 December 2009
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Affected Unsecured Creditors will receive payment of the Affected Unsecured Creditor's Claim Value, up to the Maximum Cash Amount and (if the Affected Unsecured Creditor's Claim Value exceeds $1,000.00) Newco Shares issued by Newco at a deemed value of $1.00 per Newco Share in the total amount of five percent (5%) of the balance of each Affected Unsecured Creditor's Claim Value, after deducting the cash payment received by the Affected Unsecured Creditor (up to a maximum of the Maximum Cash Amount); and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Unsecured Creditors · interim final: unstated · conditional on: payment up to the Maximum Cash Amount, plus (if Claim Value exceeds $1,000.00) Newco Shares totaling 5% of the balance of the Claim Value after deducting the cash payment received · claims qualifier: unstated; basis: plan · quote: Affected Secured Creditors will receive Newco Shares issued by Newco at a deemed value of $1.00 per Newco Share in the amount of each Affected Secured Creditor's Claim Value; · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: Affected Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 825764, an Affected Secured Creditor of VC, shall receive Newco Shares issued by Newco at a deemed value of $1.00 per Newco Share in the amount of 825764's Claim Value, and 825764 shall distribute those Newco Shares to its Affected Creditors, pro rata; · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: 825764 · creditor name: 825764 Alberta Ltd. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Special Crown Claims will be paid in full in accordance with Section 5.2 hereof. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Special Crown Claims · interim final: unstated · claims qualifier: unstated · stated on: 2009-12-14 · table missing: