Ontario · CCAA
Abbreviated Book of Authorities of the Heart and Stroke Foundation of Canada (Objection to Sanction Orders)
Plan sanction / final order · 24 January 2025
Also filed as: Abbreviated Book of Authorities of the Heart and Stroke Foundation of Canada; Abbreviated Book of Authorities – Heart and Stroke Foundation of Canada .pdf
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: Affected Creditors with Proven Claims that are less than or equal to $25,000 (the "Convenience Class Creditors") will be paid in full. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: unstated · class label: Convenience Class Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Landlord Guarantee Creditors will be paid the full amount of their Proven Claims on the Initial Distribution Date. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: landlord · stated by: unstated · class label: Landlord Guarantee Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Based on the most up-to-date information from the Monitor, the Target Canada Entities expect that, subject to certain exceptions, Affected Creditors will be paid in a range from 71% to 80% of their Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 71 · pct high: 80 · class key: unsecured · stated by: unstated · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Recoveries against TCC in a bankruptcy would be 30%, as compared to the expected range of 71 to 80% under the Amended Plan. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: monitor · class label: TCC (Affected Creditors against TCC) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: In compliance with section 6(8) of the CCAA, the Amended Plan does not provide for any recovery for equity holders. · pct of: unstated · outcome: nil · class key: equity · stated by: unstated · class label: equity holders · interim final: unstated · claims qualifier: unstated · table missing: