Quebec · CCAA
CAL - Package of documents
Notice to creditors · 14 November 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: If the amount of your Proven Claim is equal or inferior to $2,000 (and thus paid in full pursuant to the terms of the Plan), you are deemed to vote in favor of the Plan and therefore no action is required, unless you wish to nevertheless vote against the Plan. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Convenience Creditors (Proven Claim ≤ $2,000) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: b) second, the pro-rata share to each Affected Creditor for the remainder of its Proven Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Affected Creditors with a Proven Claim (non-Convenience portion) · interim final: unstated · conditional on: first, to each Convenience Creditor, the lesser of the amount of its Proven Claim or the Convenience Amount ($2,000), in full and final satisfaction of its Affected Claim, and, to each Affected Creditor that is not a Convenience Creditor, an amount equal to the Convenience Amount ($2,000); and second, the pro-rata share to each Affected Creditor for the remainder of its Proven Claim · claims qualifier: unstated; basis: plan · quote: All Persons holding Equity Claims shall not be entitled to vote or attend the Creditors' Meeting, and shall not receive a distribution under the Plan or otherwise receive anything in respect of their shares. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: distributions to unsecured creditors would likely be marginal, or even nil , and would likely be delayed by at least one (1) year if not significantly more. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: marginal or nil, and likely delayed by at least one (1) year if not significantly more · claims qualifier: unstated · table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of CAL according to information available as of November 13, 2023:; The Liquidation Analysis is provided in the table below: