Quebec · CCAA
Plan of Compromise and Arrangement under the CCAA – dated January 20, 2012
Plan of arrangement / compromise · 20 January 2012
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: a second amount of $ 1,000,000 shall be paid by the Petitioner to the Monitor on or before February 3, 2013 for distribution to all Affected Creditors (other than Electing Creditors) as herein set forth; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 6000000 · amount high: 6000000 · class label: Affected Creditors (other than Electing Creditors) · interim final: unstated · conditional on: Instalments of $1,000,000 (less Electing Creditor amounts) and $1,000,000, $1,500,000, $1,500,000 and $1,000,000 on stated dates through February 28, 2015, distributed pro rata according to Proven Claims · claims qualifier: unstated; basis: plan · quote: (i) the full amount of all Electing Creditor Claims shall be paid to the Monitor on or before September 14, 2012 for distribution to all Electing Creditors as herein set forth, in full and final settlement, release and discharge of all Electing Creditor Claims; · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · amount high: 1000 · class label: Electing Creditors · interim final: unstated · conditional on: Proven Claim deemed reduced to $1,000 per creditor; paid on or before September 14, 2012 · claims qualifier: unstated; basis: plan · quote: Any Persons holding an Equity Claim shall not be entitled to receive any payment, compensation or distribution hereunder with respect to their Equity Claims · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Persons holding an Equity Claim · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Within six months after the Plan Implementation Date, all Crown Claims will be paid in full by the Petitioner. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Claims · interim final: unstated · conditional on: Within six months after the Plan Implementation Date · claims qualifier: unstated · stated on: 2012-01-20 · table missing: