Ontario · CCAA
Eight Report of the Monitor
Court officer report · 21 February 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Each Convenience Class Creditor will receive payment in full of its Convenience Class Claim on the Initial Distribution Date under the Plan. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Convenience Class Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Priority Claims will be paid in full by no later than the Initial Distribution Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Persons holding Equity Claims will not be entitled to vote at the Creditors' Meeting and are not entitled to any distributions or other compensation in respect of such Equity Claims under the Plan. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: that recovery is expected to be in the range of 72% to 75% and accordingly the deficiency to the Plan Sponsor on this Claim will be in the range of $3.6 million to $4.1 million. · pct of: unstated · outcome: shortfall · pct low: 72 · pct high: 75 · class key: preferred · stated by: monitor · class label: NINC Employee Trust Subrogated Claim (Plan Sponsor) · creditor name: Nordstrom US (Plan Sponsor) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: the Monitor estimates that Affected Creditors with Proven Claims will receive distributions under the Plan in the range of approximately 72% to 75% of Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 72 · pct high: 75 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-02-21 · table missing: