Alberta · NOI
Tabled Documents dated June 14, 2023
Proposal document · 14 June 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: be paid in full if the class approves the Proposal; · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: proposal_trustee · class label: Sask Lienholders · claims amount: 648349 · interim final: unstated · conditional on: be paid in full if the class approves the Proposal · claims qualifier: listed; basis: plan · quote: Certain Crown Claims, relating to payroll taxes as defined in the Proposal, are to be paid in full within six months following Court approval of the Proposal or in an extended period of time if approved by CRA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Certain Crown Claims · claims amount: 454000 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Wage Claims plus any amounts owing to employees or former employees for services rendered between the Initial Filing Date and Court approval of the Proposal shall be paid in full from the Company's operational cash flows immediately following Court approval of the Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Wage Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on the Company's records as at the Initial Filing Date, the projected distribution to Unsecured Creditors is expected to be in the range of 72.7% to 87.6% of their claim. · pct of: unstated · outcome: distribution · pct low: 72.7 · pct high: 87.6 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · claims amount: 9400000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: As calculated below, the SER estimates that the realizable asset value will result in a distribution to Unsecured Creditors of 48.4% in a low bankruptcy scenario and 74.6% in a high bankruptcy scenario. · pct of: unstated · outcome: distribution · pct low: 48.4 · pct high: 74.6 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Under the Proposal scenario RBC is unaffected and will not receive a distribution from the Proposal Fund. · pct of: unstated · outcome: nil · class key: secured · stated by: proposal_trustee · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated · stated on: 2023-06-02 · table missing: