British Columbia · CCAA
JRG - Creditor Package (Meeting) - 21 Dec 2023
Meeting materials · 21 December 2023
Also filed as: Creditor Package
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Each Unsecured Creditor with a Proven Claim the amount of which is equal to or less than $2,000 shall receive a cash distribution in an amount equal to 100% of their Proven Claim. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors with Proven Claims equal to or less than $2,000 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Each Unsecured Creditor with a Proven Claim the amount of which is greater than $2,000 who files a Convenience Creditor Election shall receive a cash distribution in an amount equal to $2,000. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Unsecured Creditors with Proven Claims greater than $2,000 who file a Convenience Creditor Election · interim final: unstated · conditional on: Applies to Unsecured Creditors with Proven Claims greater than $2,000 who file a Convenience Creditor Election · claims qualifier: unstated; basis: plan · quote: Each Unsecured Creditor with a Proven Claim the amount of which is greater than $2,000 who does not file a Convenience Creditor Election shall receive a cash distribution in an amount equal to two cents for each dollar of their Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 2 · pct high: 2 · class key: unsecured · stated by: monitor · class label: Unsecured Creditors with Proven Claims greater than $2,000 who do not file a Convenience Creditor Election · interim final: unstated · conditional on: two cents on the dollar up to a maximum payment of $25,000 per creditor · cents on dollar: 2 · claims qualifier: unstated; basis: plan · quote: The Province shall receive $32,500 on account of its Secured Claim, and shall be treated as an Unsecured Creditor in respect of the Province of British Columbia Deficiency Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 32500 · amount high: 32500 · class label: The Province of British Columbia (Secured Claim) · creditor name: His Majesty the King in right of the Province of British Columbia · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: As noted above, for reasons described in the First Monitor's Report, the Monitor is of the view that the alternative to the Plan is the liquidation of the Petitioners, which would result in no recovery to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Absent this Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement, there will be no funds available for distribution to the Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · conditional on: Absent this Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement · claims qualifier: unstated · table missing: