Ontario · CCAA
Sixth Report of the Information Officer dated July 26, 2017
Court officer report · 26 July 2017
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Since the remaining admitted unsecured claims were relatively insignificant, the Foreign Representative agreed to subordinate repayment of the Shareholder Loans to all currently admitted claims against the Cumberland Entities (but not to any currently disputed claims) such that all currently admitted claims were repaid in full. · pct of: unstated · outcome: paid_in_full · class key: equity · stated by: monitor · class label: Cumberland Entities' creditors with admitted claims (including UCI Shareholder Loans and other creditors) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The table reflects that the Monitor made a distribution of approximately $3.1 million to the Bay CCAA Entities' creditors with admitted claims (33% of the admitted claims). · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · class label: Bay CCAA Entities' creditors with admitted claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: This sum is about 37% of all the approved debt to creditors (approx. NIS 188,000,000). · pct of: unstated · outcome: distribution · pct low: 37 · pct high: 37 · class key: secured · stated by: debtor · class label: bond trustee - Reznik, Paz, Nevo Trusts Ltd. (secured creditor) · creditor name: Reznik, Paz, Nevo Trusts Ltd · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: in light of the expected percentage of the immediate distribution to the bondholders (the debt to whom is approx. 98% of all the Company's approved debts (not including conditional or deferred debts), calculated pursuant to section 8A. of the Fee Regulations · pct of: unstated · outcome: distribution · pct low: 98 · pct high: 98 · class key: secured · stated by: debtor · class label: bondholders · interim final: unstated · claims qualifier: unstated · stated on: 2017-07-26 · table missing: