Alberta · Proposal
Order - Approving Proposal, filed June 24, 2016
Plan sanction / final order · 24 June 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 filing6 verified
- commencement date24 June 2016
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- court file no25-2119793
- provinceALBERTA
- presiding officerJustice Eidsvik
- recovery outcomeentries: basis: plan · quote: a) to the preferred creditors of EmberClear, if any, in full; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: preferred creditors of EmberClear · interim final: unstated · claims qualifier: unstated; basis: plan · quote: if they elected (or are deemed to have elected) to receive the Cash Option, a cash payment equal to $0.10 per $1.00 of their proven claim, or · pct of: proven_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: trustee · class label: proven creditors who elected the Cash Option · interim final: unstated · cents on dollar: 10 · claims qualifier: unstated; basis: plan · quote: if they elected to receive the Note Option, a Note issued in an amount equal to $0.70 per $1.00 of their proven claim, · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: trustee · class label: proven creditors who elected the Note Option · interim final: unstated · claims qualifier: unstated · stated on: 2016-06-24 · table missing: