Ontario · NOI
Approval of Proposal, Additional Powers and Ancillary Relief
Plan sanction / final order · 20 October 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Professional Fees . Subject to any applicable provisions of the Act, the Professional Fees will be paid in full, as they become due. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Professional Fees · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Interim Financing . Any Interim Financing advanced by the Sponsor and secured by the Interim Financing Charge shall be repaid in full. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Interim Financing · creditor name: Sponsor · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Crown Priority Claims . All Crown Priority Claims that were outstanding as at the Filing Date, if any, shall be paid in full to His Majesty in right of Canada or a Canadian province or territory, as applicable, within six months after the issuance of the Approval Order. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Superintendent's Levy : The Superintendent's Levy will be paid in full. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Superintendent's Levy · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Termination Claims . Employee Termination Claims will be paid in full, and, by virtue of such payment, all Employee Priority Claims will also be paid in full, as required by the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Termination Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors . All other Proven Claims, other than the Subordinated Intercompany Claim, that are not paid pursuant to (a) through (d) of this Section 2.4 (including, for the avoidance of doubt, all D&O Claims and the Unsubordinated Intercompany Claim that are Proven Claims) will receive a pari passu distribution of the remainder of the Distribution Funds after the payments are made (or corresponding reserves taken) for the distributions in (a) through (e). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Subordinated Intercompany Claim. Any Subordinated Intercompany Claim from the remainder of the Distribution Funds after the payments are made (or corresponding reserves taken) for the distributions in (a) through (f). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Subordinated Intercompany Claim · creditor name: Sponsor · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: Post-Filing Claims shall be paid in full by the Debtor in the ordinary course of business, on regular trade terms, prior to the payment of the Debtor's cash on hand to the Proposal Trustee pursuant to Section 2.6 hereof. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post-Filing Claims · interim final: unstated · claims qualifier: unstated · table missing: