Alberta · CCAA
Fifteenth Report of the Monitor, filed Dec 1, 2011
Court officer report · 1 December 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Based on the amount of the Fund, the estimated distribution to the Affected Creditors under the Plan, is approximately 10% which is greater than Creditors would recover under a liquidation scenario (see paragraphs 59 and 60 below). · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: CIBC holds security over several of the Company's Projects and is estimated to experience a shortfall on its loans of approximately $1.0 milllion after the sale of all Medican Group Units. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: CIBC · creditor name: CIBC · interim final: unstated · claims qualifier: unstated · shortfall amount: 1000000; basis: plan · quote: | 1088898 Alberta Ltd | 5,397.70 | 5,397.70 | 2,750.00 | 2,647.70 | 187.24 | 54.4% | · pct of: unstated · outcome: distribution · pct low: 54.4 · currency: CAD · pct high: 54.4 · class key: unsecured · stated by: monitor · class label: 1088898 Alberta Ltd · claims amount: 5397.7 · creditor name: 1088898 Alberta Ltd · interim final: unstated · currency quote: ($Cdn, Unaudited) · claims qualifier: unstated; basis: plan · quote: | 1129971 Alberta Ltd | 882,994.38 | 501,467.68 | 2,750.00 | 498,717.68 | 35,268.05 | 7.6% | · pct of: unstated · outcome: distribution · pct low: 7.6 · currency: CAD · pct high: 7.6 · class key: unsecured · stated by: monitor · class label: 1129971 Alberta Ltd · claims amount: 882994.38 · creditor name: 1129971 Alberta Ltd · interim final: unstated · currency quote: ($Cdn, Unaudited) · claims qualifier: unstated · stated on: 2011-11-30 · table missing: