Quebec · CCAA
Chapter 11 Trustee’s Plan of Liquidation – dated March 31, 2015
Plan of arrangement / compromise · 31 March 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Except to the extent that a Holder of an Allowed Priority Tax Claim agrees to a less favorable treatment, each Holder of an Allowed Priority Tax Claim that has not already been paid in full shall receive, in full satisfaction, settlement, and release of and in exchange for such Allowed Priority Tax Claim, on the later of the Effective Date and the date such Priority Tax Claim becomes an Allowed Priority Tax Claim, or as soon as practicable thereafter, Cash in an amount equal to such Allowed Priority Tax Claim. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Priority Tax Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent the Estate is obligated with respect to any Class 5 Claims, such Class 5 Claims will be paid in full, including any interest and penalties, on the later of the Effective Date, or thirty (30) days after the date such claims become Allowed Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Class 5: State Income Tax Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Trustee believes that all Class 6 Claims were paid in full from the Asset Sale Consideration. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Class 6: Municipal Tax Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Class 7 Claims were paid in full from the Asset Sale Consideration. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: trustee · class label: Class 7: Other Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Wrongful Death Claims shall, in the aggregate, receive 24.1% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 24.1 · pct high: 24.1 · class key: unsecured · stated by: debtor · class label: Creditors having Wrongful Death Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Bodily Injury and Moral Damages Claims shall, in the aggregate, receive 10.4% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 10.4 · pct high: 10.4 · class key: unsecured · stated by: debtor · class label: Creditors having Bodily Injury and Moral Damages Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Property and Economic Damages Claims shall, in the aggregate, receive 9.0% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 9 · pct high: 9 · class key: unsecured · stated by: debtor · class label: Creditors having Property and Economic Damages Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Subrogated Insurer Claims shall, in the aggregate, receive 4.1% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 4.1 · pct high: 4.1 · class key: unsecured · stated by: debtor · class label: Creditors having Subrogated Insurer Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Government Claims shall, in the aggregate, receive 52.4% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 52.4 · pct high: 52.4 · class key: unsecured · stated by: debtor · class label: Creditors having Government Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: For greater certainty, Creditors having Indemnity Claims and Non-Derailment Claims shall not be entitled to distribution under this Plan or the U.S. Plan in relation to the Indemnity Fund and shall have no right to any portion of the Funds for Distribution. · pct of: unstated · outcome: nil · stated by: debtor · class label: Creditors having Indemnity Claims and Non-Derailment Claims · interim final: unstated · claims qualifier: unstated · stated on: 2015-03-31 · table missing: