Quebec · CCAA
ACS - Applied Compression Systems Limited
Court officer report · 14 November 2023
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 filing3 verified
- operational summaryReport on ACS's plan of compromise: the Monitor describes the plan's structure and distribution to affected creditors, provides recovery estimates versus a liquidation scenario, outlines the voting process and next steps, and recommends that creditors vote in favor. The Petitioners' business assets were sold through a comprehensive sale process that resulted in 13 transactions.
- recovery outcomeentries: basis: unstated · quote: | Unsecured claims less than 2,000 | 6 | 7,688 | 100.0% | 6 | 7,688 | 100.0% | · pct of: unstated · outcome: distribution · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · class label: Unsecured claims less than 2,000 · claims amount: 7688 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims between 2,000-10,000 | 5 | 18,690 | 68.9% | 5 | 18,690 | 67.6% | · pct of: unstated · outcome: distribution · pct low: 67.6 · currency: CAD · pct high: 68.9 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 2,000-10,000 · claims amount: 18690 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims between 10,000-25,000 | 5 | 94,338 | 40.2% | 5 | 94,338 | 37.6% | · pct of: unstated · outcome: distribution · pct low: 37.6 · currency: CAD · pct high: 40.2 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 10,000-25,000 · claims amount: 94338 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims between 25,000-50,000 | 5 | 160,356 | 37.3% | 5 | 160,356 | 34.6% | · pct of: unstated · outcome: distribution · pct low: 34.6 · currency: CAD · pct high: 37.3 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 25,000-50,000 · claims amount: 160356 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims between 50,000-100,000 | 2 | 149,830 | 34.9% | 2 | 149,830 | 32.1% | · pct of: unstated · outcome: distribution · pct low: 32.1 · currency: CAD · pct high: 34.9 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 50,000-100,000 · claims amount: 149830 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims over 100,000 | 2 | 372,669 | 33.9% | 2 | 519,975 | 30.8% | · pct of: unstated · outcome: distribution · pct low: 30.8 · currency: CAD · pct high: 33.9 · class key: unsecured · stated by: monitor · class label: Unsecured claims over 100,000 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Unsecured claims Interco | 2 | 3,239,713 | 33.2% | 2 | 3,239,713 | 30.3% | · pct of: unstated · outcome: distribution · pct low: 30.3 · currency: CAD · pct high: 33.2 · class key: unsecured · stated by: monitor · class label: Unsecured claims Interco · claims amount: 3239713 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: unstated · quote: | Total - Unsecured Creditors | 27 | 4,043,284 | 34.0% | 27 | 4,190,590 | 31.0% | · pct of: unstated · outcome: distribution · pct low: 31 · currency: CAD · pct high: 34 · class key: unsecured · stated by: monitor · class label: Total - Unsecured Creditors · claims amount: 4190590 · interim final: unstated · currency quote: In CAD · claims qualifier: listed; basis: liquidation_alternative · quote: | Total - Unsecured Creditors | 27 | 4,190,590 | 24.6% | · pct of: unstated · outcome: distribution · pct low: 24.6 · currency: CAD · pct high: 24.6 · class key: unsecured · stated by: monitor · class label: Total - Unsecured Creditors (Liquidation) · claims amount: 4190590 · interim final: unstated · currency quote: In CAD · claims qualifier: listed · stated on: 2023-11-13 · table missing:
- report date14 November 2023