Quebec · CCAA
Sanction Order
Plan sanction / final order · 7 October 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- order date7 October 2021
- recovery outcomeentries: basis: plan · quote: the Monitor shall (a) determine whether the Plan Contribution Amount is sufficient (for greater certainty, as of that date and based on the information then available) to ensure that each Affected Creditor with a Proven Affected Claim or an Undetermined Affected Claim entitled to (in the case of a Proven Affected Claim), or that could be entitled to (in the case of an Undetermined Affected Claim), a distribution under the Plan could receive a distribution representing at least 7% of its Proven Affected Claim or Undetermined Affected Claim under the Plan · pct of: proven_claims · outcome: distribution · pct low: 7 · pct high: 7 · class key: unsecured · stated by: monitor · class label: Affected Creditors with a Proven Affected Claim or an Undetermined Affected Claim · interim final: unstated · conditional on: Top-Up Amount up to $550,000 may be added to the Plan Contribution Amount to ensure this minimum distribution · claims qualifier: unstated; basis: plan · quote: Persons having Equity Claims shall not be entitled to any distribution in respect of their Equity Claims, and Persons having Claims against the Directors and Officers shall not be entitled to any distribution in respect of their Claims against the Directors and Officers. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Persons having Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Persons having Equity Claims shall not be entitled to any distribution in respect of their Equity Claims, and Persons having Claims against the Directors and Officers shall not be entitled to any distribution in respect of their Claims against the Directors and Officers. · pct of: unstated · outcome: nil · stated by: monitor · class label: Persons having Claims against the Directors and Officers · interim final: unstated · claims qualifier: unstated · table missing: