British Columbia · Receivership (court-appointed)
Order approving proposal
Plan sanction / final order · 9 March 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: may at its option elect to reduce the amount of its Proven Claims to the sum of $2,000, and in such case such Affected Creditor shall be deemed to have elected to receive a cash distribution equal to $1,996 (being approximately 99% of $2,000) and to have cast its Voting Claim in favour of approval of the Proposal; and · pct of: unstated · outcome: distribution · pct low: 99 · pct high: 99 · class key: unsecured · stated by: proposal_trustee · amount low: 1996 · amount high: 1996 · class label: Affected Creditor with Proven Claims greater than $2,000 electing to reduce claim to $2,000 · claims amount: 2000 · interim final: unstated · conditional on: election to reduce Proven Claim to $2,000 · claims qualifier: unstated; basis: plan · quote: if such Affected Creditor does not make the election referenced in Section 2.7(b)(i), then such Affected Creditor shall in respect of its Proven Claims receive a cash distribution in an amount equal to 0.5% of its Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 0.5 · pct high: 0.5 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditor with Proven Claims greater than $2,000 not electing reduction · interim final: unstated · conditional on: if the Affected Creditor does not elect to reduce its Proven Claims to $2,000 · claims qualifier: unstated; basis: plan · quote: The First Priority Mortgagee shall not be entitled to receive any distributions under this Proposal in respect of the First Priority Mortgagees' Unsecured Claim. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: First Priority Mortgagee's Unsecured Claim · creditor name: First Priority Mortgagee · interim final: unstated · claims qualifier: unstated · table missing: