British Columbia · CCAA
Seventh Report of the Monitor - 12/11/2016
Court officer report · 11 December 2016
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: unstated · quote: The Monitor notes that the amount of any such distribution is not known at this time. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: monitor · class label: Affected Claimants · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: If the claim of the 1974 Pension Plan is found not to be a provable claim, it is anticipated that all creditors of Walter Canada will be paid in full (other than the creditor who is owed unpaid interest on the Promissory Note). · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: all creditors of Walter Canada (other than the creditor owed unpaid interest on the Promissory Note) · interim final: unstated · conditional on: If the claim of the 1974 Pension Plan is found not to be a provable claim · claims qualifier: unstated · stated on: 2016-12-11 · table missing: Provided in the table on the following page is a comparison of the preliminary estimate (on a consolidated basis and for illustrative purposes only) of the potential recovery to Affected Claimants if the Amacon Transaction under the Proposal is completed (with an eventual distribution by the New Walter Group) as compared with the potential recovery if a sale of the Remaining Assets were to occur in bankruptcy.