Ontario · CCAA
Motion for Sanction Order returnable January 18, 2007
Application / notice of application · 15 January 2007
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: estimated · quote: As updated, the Monitor estimates that Affected Creditors may recover between 15% and 20% of their Proven Claims pursuant to the Plan. · pct of: proven_claims · outcome: distribution · pct low: 15 · pct high: 20 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Affected Creditors with claims less than $5,000 or who elect to reduce their claims to $5,000 will receive a distribution equal to 25% of their claim (as may be reduced by an election) from the Affected Creditors' Distribution Pool; and · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: debtor · class label: Affected Creditors with claims less than $5,000 or who elect to reduce their claims to $5,000 · interim final: unstated · conditional on: subject in each case to the payment of certain prior claims and up to a maximum recovery of 25 cents on-the-dollar · claims qualifier: unstated; basis: plan · quote: Accordingly, no distributions shall be made pursuant to this Plan in respect of Intercompany Claims and all such Intercompany Claims shall be treated as Unaffected Claims and shall be fully preserved and not released, discharged nor extinguished pursuant to Section 6.1 hereof. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Affiliates of Cantar (Intercompany Claims) · interim final: unstated · related party: true · claims qualifier: unstated · stated on: 2007-01-15 · table missing: