British Columbia · CCAA
Notice of Application re Meeting Order
Application / notice of application · 30 May 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: Accordingly, if the Plan were not implemented and the Petitioners were liquidated, BMO would recover less than the full value of its indebtedness, and unsecured creditors would recover nothing. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Accordingly, if the Plan were not implemented and the Petitioners were liquidated, BMO would recover less than the full value of its indebtedness, and unsecured creditors would recover nothing. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Absent this Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement, there will be no funds available for distribution to the Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · conditional on: Absent the Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement · claims qualifier: unstated; basis: liquidation_alternative · quote: the Monitor is of the view that the alternative to the Plan is the liquidation of the Petitioners, which would result in no recovery to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Each Unsecured Creditor with a Proven Claim the amount of which is equal to or less than $2,000 shall receive a cash distribution in an amount equal to 100% of their Proven Claim. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Unsecured Creditor with a Proven Claim the amount of which is equal to or less than $2,000 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Petitioners shall use the proceeds arising 口 from the Exit Financing to pay the BMO Secured Claim in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: BMO Secured Claim · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all Crown Priority Claims, if any, will be paid in full by the Debtors within six months immediately following the Sanction Date. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated · table missing: