Quebec · CCAA
UEC - Package of documents
Notice to creditors · 14 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: All Persons holding Equity Claims shall not be entitled to vote or attend the Creditors' Meeting, and shall not receive a distribution under the Plan or otherwise receive anything in respect of their shares. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: If the amount of your Proven Claim is equal or inferior to $2,000 (and thus paid in full pursuant to the terms of the Plan), you are deemed to vote in favor of the Plan and therefore no action · pct of: proven_claims · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Affected Creditors with a Proven Claim equal to or inferior to $2,000 · interim final: unstated · conditional on: Proven Claim equal or inferior to $2,000 is paid in full · claims qualifier: unstated; basis: liquidation_alternative · quote: distributions to unsecured creditors would likely be marginal, or even nil , and would likely be delayed by at least one (1) year if not significantly more. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: 38. In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of UEC, according to information available as at November 13, 2023:; 42. The Liquidation Analysis is provided in the table below: