Alberta · Foreign recognition (CCAA)
Part 2
Proposal document · 21 December 2012
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: certain Holders of Claims equal to or less than $10,000, or who agree in writing to reduce the allowed amount of their Claims to $10,000, will constitute a Convenience Class entitled to receive an amount equal to 30% of the allowed principal amount of their Claims, which amount shall be paid in two installments; · pct of: principal · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: debtor · class label: Convenience Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Each Holder of an Allowed Claim in Class E shall be entitled to receive on account of such Holder's Allowed Claim, in full satisfaction thereof, a Pro Rata Share of $800,000 (calculated based on the aggregate amount of all Allowed Claims in Class E), which will be paid (or reserved in the Disputed Claims Reserve as provided in this Plan) in eight (8) semi-annual payments of $100,000 each, beginning on the first Business Day that is no later than six (6) months after the Effective Date and continuing once every six (6) months thereafter until the aggregate amount of $800,000 is paid to Holders of Allowed Claims in Class E. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 800000 · amount high: 800000 · class label: Class E (General Unsecured Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Debtor does not anticipate that there will be any Distribution to Holders of Equity Interests, and, therefore, the Holders of Equity Interests will be deemed to have rejected this Plan and will not be entitled to vote. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Interests · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Allowed Administrative Claims, allowed Priority Tax Claims, and allowed Priority Non-Tax Claims will be paid first in accordance with their respective statutory priorities and are anticipated to be Paid in Full; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · stated by: debtor · class label: Administrative Claims, Priority Tax Claims, and Priority Non-Tax Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Allowed Secured Claims, if any, will be Paid in Full either by (at the Debtor's option) abandonment from the Estate of the collateral securing such Claims or payment in Cash in the allowed amount of such Claims; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: debtor · class label: Secured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Allowed PBGC Claims will be Paid in Full over time as provided herein; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · stated by: debtor · class label: PBGC Claims · creditor name: PBGC · interim final: unstated · claims qualifier: unstated · stated on: 2012-05-02 · table missing: