Quebec · CCAA
Notice to Creditors comprised of Letter to creditors, Notice to Creditors of Meeting of Creditors and Sanction Hearing, Instructions for Completion of Proxy, Proxy, Election to Reduce Claim – dated September 22, 2008
Notice to creditors · 22 September 2008
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: liquidation_alternative · quote: The only realistic alternative to the Plan is bankruptcy which would result in no recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Affected Creditors who are owed CDN $2,000 or less will receive payment in full of their claims (up to a maximum of Can · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: unsecured · stated by: debtor · class label: Affected Creditors who are owed CDN $2,000 or less · interim final: unstated · currency quote: CDN $2,000 · claims qualifier: unstated; basis: plan · quote: Affected Creditors with Affected Claims of more than CDN $2,000 who do not complete the form of Election to Reduce Claim will be entitled to receive their pro rata share of the Affected Creditors Fund (as defined in the Plan) remaining available for distribution to the Affected Creditors after payment in full of all amounts to be paid in priority thereto as set out in the Plan. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors with Affected Claims of more than CDN $2,000 who do not complete the form of Election to Reduce Claim · interim final: unstated · conditional on: payment in full of all amounts to be paid in priority thereto as set out in the Plan · claims qualifier: unstated; basis: plan · quote: if your Claim is less than CDN $2,000, there will be no payout to Affected Creditors unless the Plan is accepted, which requires your affirmative vote. · pct of: unstated · outcome: nil · currency: CAD · class key: unsecured · stated by: debtor · class label: Affected Creditors (if Claim is less than CDN $2,000) · interim final: unstated · conditional on: unless the Plan is accepted · currency quote: CDN $2,000 · claims qualifier: unstated · stated on: 2008-09-18 · table missing: