British Columbia · CCAA
Plan of Compromise and Arrangement
Plan of arrangement / compromise · 4 May 2023
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Within 14 days of the Plan Implementation Date, the Monitor shall distribute to each Unsecured Creditor, from the Unsecured Creditor Distribution, the amount equal to 10% of its Unsecured Creditor Claim, such Unsecured Creditor Distribution not to exceed an aggregate amount of $100,000; · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · conditional on: aggregate Unsecured Creditor Distribution not to exceed $100,000 · claims qualifier: unstated; basis: unstated · quote: the Monitor shall distribute to each Secured Creditor, from the Secured Creditor Distribution, the amount equal to the pro rata portion of its Secured Creditor Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: Secured Creditors · interim final: unstated · conditional on: following payment of the Unsecured Creditor Distribution and Claims secured by the Administration Charge, Employee Priority Claims, Post-Filing Claims, and Crown Claims · claims qualifier: unstated; basis: plan · quote: All Crown Claims in respect of all amounts that were outstanding at the Filing Date shall be paid in full to the Crown from the Proceeds within six months of the Sanction Order, as required by subsection 6(3) of the CCAA. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: debtor · class label: Crown Claims · creditor name: Crown · interim final: unstated · claims qualifier: unstated · stated on: 2023-05-04 · table missing: