Ontario · NOI
Order of Justice Chiappetta
Plan sanction / final order · 15 February 2019
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What we verified from this filing3 verified
- counselAird & Berlis LLP
- presiding officerJustice Chiappetta
- recovery outcomeentries: basis: plan · quote: The Proven Claims of Preferred Creditors are to be paid in full, in cash, in priority to all claims of Ordinary Creditors in accordance with the scheme of distribution set forth in the Act. · pct of: proven_claims · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Payment, without interest, of the portion of Distribution Claims of Ordinary Creditors of up to $50,000 shall be made in full, in cash; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 50000 · amount high: 50000 · class label: Ordinary Creditors · interim final: unstated · conditional on: Payment, without interest, of the portion of Distribution Claims of Ordinary Creditors of up to $50,000 shall be made in full, in cash; the portion exceeding $50,000 shall be made in Promissory Notes. · claims qualifier: unstated; basis: plan · quote: All Secured Creditors who are related (as such term is defined in the Act) to the Company are not entitled to any distributions under the Proposal. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: Secured Creditors who are related to the Company · interim final: unstated · claims qualifier: unstated · table missing: