Quebec · NOI
Notice of Proposal to Creditors – dated April 4, 2008
Notice to creditors · 4 April 2008
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: Subject to Paragraphs 2.2 and 2.3 hereof, all Employee Claims will be paid in full, immediately after Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Crown Claims, to the extent not already paid by the Debtor in the ordinary course of the Debtor's business, shall be paid in full, within 6 months after Approval or as may otherwise be arranged with the Crown. · 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: "Electing Creditor Claims" means all Ordinary Claims in respect of which the Ordinary Creditors have elected (as set forth in Section 9.1 hereof) to receive the lesser of $1,000.00 or the amount of their Ordinary Claims or to reduce their respective Ordinary Claims to $1,000.00, · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1000 · amount high: 1000 · class label: Electing Creditors · interim final: unstated · conditional on: lesser of $1,000.00 or the amount of their Ordinary Claims · claims qualifier: unstated; basis: plan · quote: an amount of $1.5 million, less all amounts set forth in Section 9.2.1 hereof, shall be paid by the Debtor to the Trustee on or before September 30, 2008, for distribution to all Ordinary Creditors (other than Electing Creditors) as herein set forth; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Ordinary Creditors (other than Electing Creditors) · interim final: unstated · conditional on: Distributed pro rata according to proven Ordinary Claims across four scheduled payments ($1.5M, $1.5M, $3M, and a further amount) between 2008 and 2011 · claims qualifier: unstated · stated on: 2008-04-04 · table missing: