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: In consideration of ERDT's advances outstanding and its associated security as at the Effective Date, ERDT will elect one of the following options for full and final settlement off its advances outstanding from D'Eon Fisheries: · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · amount low: 200000 · amount high: 300000 · class label: ERDT · creditor name: ERDT · interim final: unstated · conditional on: ERDT elects either $200,000 cash on the Effective Date or $300,000 of indebtedness assumed by Newco payable over five Fiscal Years · claims qualifier: unstated; basis: plan · quote: NSBI will compromise and release its Claim against D'Eon Fisheries, but shall not be entitled to receive any distribution from the Fund. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: NSBI · creditor name: NSBI · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Claims of Preferred Creditors as of the Bankruptcy Date shall be paid in full, without interest, in priority to the claims of Unsecured Creditors, as follows: · pct of: proven_claims · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: proven; basis: plan · quote: The Convenience Class portion of the claim will be paid in full, without interest; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (Convenience Class portion) · interim final: unstated · conditional on: Applies only to the Convenience Class portion of the claim · claims qualifier: unstated; basis: plan · quote: a. 10% of the Proven Claim less payment made through the Convenience Class, without interest, from the Fund; or · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 25 · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (non-Convenience Class portion) · interim final: unstated · conditional on: Unsecured Creditors elect either 10% of the Proven Claim less Convenience Class payment from the Fund, or 25% of Proven Claim less Convenience Class payment payable from Distributable Free Cash Flow over 5 Fiscal Years, limited to 30% of Distributable Free Cash Flow in any given Fiscal Year · claims qualifier: proven; basis: plan · quote: Deferred Creditors shall not receive any distribution in this Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Deferred Creditors · interim final: unstated · claims qualifier: unstated · table missing: