Quebec · CCAA
Amended Plan of Compromise and Arrangement under the CCAA – dated February 15, 2012
Plan of arrangement / compromise · 15 February 2012
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: the amounts set forth in Sections 2.4b)(ii) through 2.4b)(vii) shall be distributed by the Monitor to the Affected Creditors (other than the Electing Creditors) on a pro rata basis, according to the amounts of their respective Proven Claims. · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors (other than Electing Creditors) · interim final: unstated · conditional on: Six instalments ($1,000,000 less Electing Creditor amounts, $1,000,000, $500,000, $1,500,000, $500,000, $1,500,000) paid to the Monitor between the First Instalment Date and February 28, 2015, distributed pro rata according to Proven Claims · claims qualifier: unstated; basis: plan · quote: the full amount of all Electing Creditor Claims shall be paid to the Monitor on or before September 14, 2012 for distribution to all Electing Creditors as herein set forth, in full and final settlement, release and discharge of all Electing Creditor Claims; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · amount high: 1000 · class label: Electing Creditors · interim final: unstated · conditional on: Claims over $1,000 are deemed reduced to $1,000 with waiver of further distributions; payment on or before September 14, 2012 · claims qualifier: unstated; basis: plan · quote: Any Persons holding an Equity Claim shall not be entitled to receive any payment, compensation or distribution hereunder with respect to their Equity Claims · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Persons holding an Equity Claim · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Within six months after the Plan Implementation Date, all Crown Claims will be paid in full by the Petitioner. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Claims · interim final: unstated · conditional on: Within six months after the Plan Implementation Date · claims qualifier: unstated · stated on: 2012-02-15 · table missing: