Ontario · NOI
iSPAN Systems LP - Proposal
Proposal document · 17 January 2023
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: plan · quote: all other Preferred Claims that are Proven Claims will be paid in full; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: each Affected Creditor with a Proven Claim totalling $3,000 or less will have its Claim paid in full no later than the date that is 90 days after the Implementation Date; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Affected Creditor with a Proven Claim totalling $3,000 or less · interim final: unstated · claims qualifier: unstated; basis: plan · quote: on or before the last Business Day of the months specified below, the amounts specified below will be distributed on a ratable basis to all Affected Creditors not receiving payment in accordance with subsection 4.4(a): · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors not receiving payment under 4.4(a) · interim final: unstated · conditional on: on or before the last Business Day of the months specified below, the amounts specified below will be distributed on a ratable basis to all Affected Creditors not receiving payment in accordance with subsection 4.4(a): October 2023: $500,000; December 2023: $500,000; June 2024: $1,000,000; December 2024: $1,000,000; June 2025: $1,000,000; and December 2025: the lesser of the total of all balances outstanding on the Affected Claims and $1,000,000 less the total amount paid pursuant to subsection 4.4(a) · claims qualifier: unstated; basis: plan · quote: Claims other than Unaffected Claims arising on or after the NOI Filing Date shall be paid in full by the Debtor in the ordinary course of business, on regular trade terms as agreed to by the Debtor. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post-filing Claims · interim final: unstated · claims qualifier: unstated · table missing: