Newfoundland and Labrador · Proposal
Creditors Package
Meeting materials · 25 August 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified · 1 withheld
- recovery outcomeentries: basis: plan · quote: all Crown Claims that were outstanding at the Filing Date, if any, shall be paid in full to Her Majesty in right of Canada or a province, within six months after the Court has granted the Approval Order; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: If the Proposal is rejected and the Company is deemed bankrupt, the Proposal Trustee has estimated that the Unsecured Creditors would receive a distribution in the range of 39-67% of their proven claims, as compared to a range of 86-100% under the Proposal. · pct of: proven_claims · outcome: distribution · pct low: 86 · pct high: 100 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: If the Proposal is rejected and the Company is deemed bankrupt, the Proposal Trustee has estimated that the Unsecured Creditors would receive a distribution in the range of 39-67% of their proven claims, as compared to a range of 86-100% under the Proposal. · pct of: proven_claims · outcome: distribution · pct low: 39 · pct high: 67 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Deferred Creditors will not receive a distribution under the Proposal unless all Unsecured Creditors' Proven Claims are paid in full. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Deferred Creditors · interim final: unstated · conditional on: Deferred Creditors will not receive a distribution under the Proposal unless all Unsecured Creditors' Proven Claims are paid in full. · claims qualifier: unstated · stated on: 2023-07-12 · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.