Ontario · CCAA
Motion Record of the Applicant, returnable October 5, 2022
Application / notice of application · 28 September 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: To the extent any such claims exist, all such claims constitute CCAA Priority Claims, which are unaffected under the Plan and will be paid in full as required by the CCAA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: CCAA Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Monitor, on behalf of the Applicant, shall pay from the Distribution Pool to each Secured Creditor the amount required to satisfy each Secured Creditor's Secured Claim in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: the Monitor, on behalf of the Applicant, shall pay from the Distribution Pool to each holder of a Vacation Pay Compensation Claim the amount required to satisfy each Vacation Pay Compensation Claim in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Vacation Pay Compensation Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Monitor, on behalf of the Applicant, shall distribute the balance of the Distribution Pool to the Affected Creditors with Proven Claims pursuant to one or more pro rata distributions in full and final satisfaction of all Affected Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · conditional on: No distributions will be made where the pro rata distribution is less than $10 · claims qualifier: unstated; basis: plan · quote: I am further advised by LU's insolvency counsel that, in accordance with section 6(8) of the CCAA, the Plan does not provide for any recovery to holders of an equity claim. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: equity claim · interim final: unstated · claims qualifier: unstated · table missing: