Quebec · CCAA
Amended Plan of Compromise and Arrangement under the CCAA – dated February 15, 2012
Plan of arrangement / compromise · 15 February 2012
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Subject to Section 3.1 hereof, the other Excluded Claims and any Insurance Claim will remain in full force and effect in accordance with their terms after the Plan Implementation Date, and will be paid in full by the Petitioner in the normal course of its operations as and when they become due. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Excluded Claims and Insurance Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Administration Claims, and all D&O Claims, if any, will be paid in full by the Petitioner as and when they become due, and any remaining balance will be settled as soon as practicable after the issuance of the Certificate of Performance. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Administration Claims and D&O Claims · 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: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: If an Affected Creditor holding an Affected Claim has failed to file its Proof of Claim prior to the relevant Claims Bar Date or Restructuring Claims Bar Date and has not been permitted to file a late claim pursuant to an Order, that Affected Creditor shall be barred from voting at the Creditors' Meeting and the Affected Creditor shall have no right to receive a distribution, and the Petitioner shall be released from the Affected Claims of such Creditor and Section 6.2 of this Plan shall apply to all such Affected Claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Affected Creditor who failed to file Proof of Claim (Unaffected/barred) · interim final: unstated · conditional on: Affected Creditor failed to file Proof of Claim before the relevant Claims Bar Date and not permitted to file late · claims qualifier: unstated; basis: unstated · 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, and any Claims that any such Persons may have that are directly or indirectly related to or are derived from such Equity Claims shall be deemed to be released in full. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Holders of Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2012-02-15 · table missing: