Quebec · CCAA
XBC - 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 · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Convenience Creditor (Proven Claim ≤ $2,000) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: a) 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 · 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 (not a Convenience Creditor) · 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 shares 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: Persons holding Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2023-11-14 · table missing: The Liquidation Analysis is provided in the table below:; 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 XBC, according to information available as of November 13, 2023: