British Columbia · CCAA
Order Made After Application (Sanction Order)
Plan sanction / final order · 1 November 2019
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What we verified from this filing2 verified
- presiding officerJustice Fitzpatrick
- recovery outcomeentries: basis: plan · quote: Related Parties will not receive any distributions in respect of any Claims. · pct of: unstated · outcome: nil · stated by: debtor · class label: Related Parties · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: Under the Plan, MCI, with the consent of those Petitioners that are secured creditors of MCI, will forego any distribution, thereby enhancing recovery for the other Aff ected Creditors. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: MCI · creditor name: MCI · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Distribution Date, the Monitor, on behalf of the Migu Plan Companies, shall distribute to each Convenience Creditor with a Proven Claim an amount in cash equal to the lesser of (a) $1,500 and (b) the value of such Convenience Creditor's Proven Claim. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Convenience Creditors · interim final: unstated · conditional on: lesser of $1,500 and the value of such Convenience Creditor's Proven Claim · currency quote: Canadian dollars · claims qualifier: unstated; basis: plan · quote: On the Distribution Date, the Monitor, on behalf of the Migu Plan Companies, shall distribute to each Affected Creditor (that is not a Convenience Creditor) with a Proven Claim their pro rata share of the Affected Creditors' Pot. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: All Other Affected Creditors · interim final: unstated · conditional on: pro rata share of the Affected Creditors' Pot · claims qualifier: unstated · stated on: 2019-11-06 · table missing: