British Columbia · CCAA
Plan of Compromise and Arrangement
Plan of arrangement / compromise · 5 April 2019
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: On the Distribution Date, the Monitor, on behalf of the Company, shall distribute to each Convenience Creditor with an Allowed Claim an amount in cash equal to the lesser of (a) $1,000 and (b) the value of such Convenience Creditor's Allowed Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1000 · amount high: 1000 · class label: Convenience Creditors · interim final: unstated · conditional on: lesser of $1,000 and the value of such Convenience Creditor's Allowed Claim · claims qualifier: unstated; basis: plan · quote: On the Distribution Date, the Monitor, on behalf of the Company, shall distribute to each Affected Creditor (that is not a Convenience Creditor or the Port) with an Allowed Claim an amount equal to the greater of (a) $1,001 and (b) 10% of such Affected Creditor's Allowed Claim. · pct of: allowed_claims · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: debtor · amount low: 1001 · amount high: 1001 · class label: All Other Affected Creditors other than the Port · interim final: unstated · conditional on: greater of $1,001 and 10% of such Affected Creditor's Allowed Claim, subject to a $485,000.00 Maximum Distribution Cap · claims qualifier: unstated · stated on: 2019-04-05 · table missing: