A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Plan provides that Crown Claims outstanding at the Filing Date shall be paid in full within six months after the Sanction Order, as required by subsection 6(3) of the CCAA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The 192 Secured Debt will be compromised under the Plan, whereas the BDC Secured Debt will be repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: BDC · creditor name: BDC · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Existing Equity Holders and holders of Equity Claims shall not be entitled to attend or vote in respect of their Existing Shares, Existing Share Options or Equity Claims any meeting to consider and approve this Plan and shall not receive any distribution under the Plan on account of their Existing Shares, Existing Share Options or Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Existing Equity Holders and holders of Equity Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on the estimated realizable value of the Property, but not taking in account the Investments, and given the extent of Tribalscale's obligation to the Secured Creditors, the costs of realization and potential priority payables, it appears likely that there would be minimal if any, net proceeds of realization available to the Unsecured Creditors in the event of a bankruptcy. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-01-09 · table missing: