Ontario · CCAA
Factum (Motion for the Granting of the Sanction and Vesting Order) (September 20, 2017)
Application / notice of application · 20 September 2017
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: Under the Plan, all Unsecured Creditors of the Express Canada Entities (other than the Landlords, as discussed below), will recover l00o/o of the value of their proven claims. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: all Landlord Creditors are anticipated to receive between 56-59% of the value of their claims. · pct of: unstated · outcome: distribution · pct low: 56 · pct high: 59 · class key: landlord · stated by: debtor · class label: Landlord Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Express Canada Entities' sole secured creditor, Express US, has agreed not to receive a cash distribution for its Secured Intercompany Claim. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: Express US's Secured Intercompany Claim · creditor name: Express US · interim final: unstated · related party: true · claims qualifier: unstated · stated on: 2017-09-20 · table missing: