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: Proven Preferred Claims other than Employee Preferred Claims (which shall be satisfied pursuant to Paragraph 15 of this Proposal), shall be paid in full, without interest, out of the Funded Proposal Payments, in priority to Proven Unsecured Claims. · pct of: proven_claims · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors (other than Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As per Part V of this Proposal, all Employee Preferred Claims will be paid in priority to other Claims immediately after the Approval Order is issued. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Unsecured Claims shall vote in Class 1 and shall be paid out of the Funded Proposal Payments on a pro rata basis after payment of Preferred Claims, if any. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Proven Unsecured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: fourth, the balance of the Funded Proposal Payments shall be distributed pro rata among the Unsecured Creditors on account of Proven Unsecured Claims, provided that any Proven Unsecured Creditor with a Proven Convenience Creditor Claim shall receive an amount equal to the lesser of $2,500.00, and the actual amount of their Proven Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 2500 · amount high: 2500 · class label: Proven Convenience Creditor Claim · interim final: unstated · conditional on: shall receive an amount equal to the lesser of $2,500.00, and the actual amount of their Proven Claim · claims qualifier: unstated · table missing: