Quebec · CCAA
Report to the Court on the State of the Debtors' Affairs and their Plan of Compromise and Arrangement Submitted by Deloitte Restructuring inc. in its Capacity as Monitor
Court officer report · 21 September 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: plan · quote: Based on the above, all Affected Creditors with Proven Affected Claims, other than Convenience Creditors, are expected to receive a dividend representing 7.05% of their Proven Affected Claims. · pct of: proven_claims · outcome: distribution · pct low: 7.05 · pct high: 7.05 · class key: unsecured · stated by: monitor · class label: Affected Creditors with Proven Affected Claims, other than Convenience Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Any Affected Creditor with a Proven Affected Claim lower or equal to CAD 2,500.00 or USD 1,895.25, as applicable, (a Default Convenience Creditor) will be paid in full under the Plan and deemed to vote in favour of the Plan. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Default Convenience Creditors · interim final: unstated · conditional on: Proven Affected Claim lower or equal to CAD 2,500.00 or USD 1,895.25 · claims qualifier: unstated; basis: liquidation_alternative · quote: As demonstrated in the Liquidation Analysis, the estimated recovery for unsecured creditors in the low and high scenarios is estimated to be nil. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-09-21 · table missing: