Quebec · Receivership (court-appointed)
Notice of Proposal to Creditors – dated April 12, 2012
Notice to creditors · 12 April 2012
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: CROWN CLAIMS: Amounts owing to Her Majesty in right of Canada or a Province that could be subject to a demand under Section 224 (1.2) of the Income Tax Act, or under any substantially similar provision of provincial legislation, outstanding at the time of the filing of the Proposal, will be paid in full within six (6) months after Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: EMPLOYEES CLAIMS: Amounts owing to employees and former employees, that they would have been entitled to receive under Paragraph 136(1)(d) of the Act if the employer became bankrupt on the date of filing of the Proposal, as well as wages, salaries, commissions or compensation for services rendered after that date and before the Approval, will be paid in full immediately after Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employees Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: PREFERRED CLAIMS: Preferred Claims, other than the claims referred to in section 5 of the Proposal, without interest, will be paid in full in priority to all claims of Ordinary Creditors, within sixty (60) days of Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: SUBSEQUENT CLAIMS: Post-Filing Goods and Services will be paid in full in the ordinary course of business and on regular trade terms or as may have been arranged by the Company. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post-Filing Goods and Services (Subsequent Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: ORDINARY CREDITORS: The Trustee will remit to each Ordinary Creditor, in full and final settlement of its Ordinary Claim, without interest, the following amounts from the Ordinary Creditors' Total Distribution Amount: · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: debtor · amount low: 1000 · amount high: 1000 · class label: Ordinary Creditors · interim final: unstated · conditional on: the lesser of the amount of the proven claim and CAD$1,000 (First Level Distribution), pro rated in the event of any shortfall, plus a pro-rata share of any remaining amount from the Ordinary Creditors' Total Distribution Amount · currency quote: CAD$1,000 · claims qualifier: unstated · table missing: