Ontario · CCAA
Plan of Compromise and Arrangement (July 27, 2022)
Plan of arrangement / compromise · 27 July 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Subject to the payment in full of the amounts described in Section 7.3 of the Plan, forthwith after the Plan Implementation Date (or such later date as a portion of an Unresolved Claim becomes a Secured Claim), the Monitor, on behalf of the Applicant, shall pay from the Distribution Pool to each Secured Creditor the amount required to satisfy each Secured Creditor's Secured Claim in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditor · interim final: unstated · conditional on: Subject to the payment in full of the amounts described in Section 7.3 of the Plan · claims qualifier: unstated; basis: plan · quote: Subject to payment in full of all amounts described in in Sections 7.3 to 7.4 of the Plan, forthwith after the Plan Implementation Date, the Monitor, on behalf of the Applicant, shall pay from the Distribution Pool to each holder of a Vacation Pay Compensation Claim the amount required to satisfy each Vacation Pay Compensation Claim in full. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Vacation Pay Compensation Claim · interim final: unstated · conditional on: Subject to payment in full of all amounts described in Sections 7.3 to 7.4 of the Plan · claims qualifier: unstated; basis: plan · quote: the Monitor, on behalf of the Applicant, shall distribute the balance of the Distribution Pool to the Affected Creditors with Proven Claims pursuant to one or more pro rata distributions in full and final satisfaction of all Affected Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors with Proven Claims · interim final: unstated · conditional on: Subject to the payment in full of all amounts described in Sections 7.3 to 7.5 of the Plan, and repayment to the Applicant of all amounts paid into the Distribution Pool; no distributions where the pro rata distribution is less than $10 · claims qualifier: unstated · stated on: 2022-07-21 · table missing: