Quebec · CCAA
Twenty-third Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor
Court officer report · 8 May 2013
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Given that there is no scenario in which all such debts will be paid in full, the Monitor determined that with respect to the balance of the Capital Securities Claim in an amount of $37,171,690, neither Stichting Homburg Capital Securities nor the holders of the Capital Securities Claims shall be entitled to receive any distributions under the HII/Shareco Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Capital Securities Claim holders · claims amount: 37171690 · creditor name: Stichting Homburg Capital Securities · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Convenience Class Creditors will be entitled to receive, as a sole distribution under the HII/Shareco Plan to be made on the Initial Distribution Date, the applicable Cash-Elected Amount, namely an amount representing 35% of their respective Convenience Class Claim that is a Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 35 · pct high: 35 · class key: unsecured · stated by: monitor · class label: Convenience Class Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Affected Creditors with Disputed Claims will not be entitled to receive any distributions under the HII/Shareco Plan until such time as their Disputed Claims become Proven Claims (as the case may be) in accordance with the Claims Process Order, the HII/Shareco Meeting Order and the HII/Shareco Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Affected Creditors with Disputed Claims · interim final: unstated · conditional on: until such time as their Disputed Claims become Proven Claims · claims qualifier: unstated; basis: plan · quote: Unaffected Creditors will not be entitled to vote on the HII/Shareco Plan, attend the HII/Shareco Creditors' Meeting, make a Convenience Class Claim Election, a Newco Common Shares Cash-Out Option Election or receive any distributions under the HII/Shareco Plan, with respect to their Unaffected Claims. · pct of: unstated · outcome: nil · stated by: monitor · class label: Unaffected Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | Estimated dividend | 35.52% | 37.10% | 5.83% | 8.98% | 41.36% | 46.08% | · pct of: unstated · outcome: distribution · pct low: 41.36 · pct high: 46.08 · class key: unsecured · stated by: monitor · class label: HII Consolidated Unsecured Creditors — Estimated dividend (Total) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | HB4 | 6.18% | 5.72% | 25.44% | 39.86% | 31.62% | 45.59% | · pct of: unstated · outcome: distribution · pct low: 31.62 · pct high: 45.59 · class key: unsecured · stated by: monitor · class label: HB4 · creditor name: HB4 · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | HB5 | 17.98% | 18.70% | 5.73% | 8.84% | 23.71% | 27.54% | · pct of: unstated · outcome: distribution · pct low: 23.71 · pct high: 27.54 · class key: unsecured · stated by: monitor · class label: HB5 · creditor name: HB5 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Total | 44.77% | 45.01% | 7.36% | 10.89% | 52.13% | 55.90% | · pct of: unstated · outcome: distribution · pct low: 52.13 · pct high: 52.13 · class key: unsecured · stated by: monitor · class label: Homco 61 - Plan Unsecured creditors (Total) · interim final: unstated · claims qualifier: unstated · table missing: