Ontario · NOI
Motion Record (Returnable November 23, 2018) – dated November 16, 2018
Application / notice of application · 23 November 2018
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: The average hourly rate billed by the Proposal Trustee during the Period is $406.30. · approval: state: unstated · averages: rate: 406.3 · quote: The average hourly rate billed by the Proposal Trustee during the Period is $406.30. · currency: · invoices: · firm text: Richter · firm quote: Richter was named as the Proposal Trustee · context quote: The average hourly rate billed by the Proposal Trustee during the Period is $406.30.; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 492.53 · quote: The average hourly rate of Aird & Berlis LLP is $492.53. · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: AIRD & BERLIS LLP · context quote: Lawyers for the Proposal Trustee
- recovery outcomeentries: basis: plan · quote: Secured Claims: any Secured Claims will be paid in full in amounts to be determined by the Proposal Trustee pursuant to section 135 of the BIA; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Secured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Crown Priority Claims: all Crown Claims that were outstanding as at the Filing Date, if any, shall be paid in full to Her Majesty in right of Canada or a Canadian province or territory, as applicable, within six months after the issuance of the Proposal Approval Order; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: proposal_trustee · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Priority Claims: Employee Priority Claims, if any, will be paid in full in amounts to be determined by the Proposal Trustee pursuant to section 135 of the BIA; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Pension Priority Claims: all Pension Claims that were outstanding as at the Filing Date, if any, shall be paid in full within six months after the issuance of the Proposal Approval Order; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Pension Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims: the remaining Preferred Claims (after the payments provided in Articles 2.4(a) to (f) of the Proposal have been made, or reserves taken therefor), if any, shall be paid without interest in priority to the Proven Claims addressed by Article 2.4(h) of the Proposal; and · pct of: unstated · outcome: distribution · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on (i) a Creditor's Fund estimated to be approximately $15 million, (ii) Secured Claims of approximately $4 million, (iii) Priority Claims ranging between $Nil and $500,000, and (iv) unsecured Claims of approximately $36.5 million (after taking into consideration the NW US' Entities postponement of $1 million of their unsecured Claims), the estimated distribution to unsecured Creditors per dollar of Proven Claim is estimated to be approximately 29% - 30%. · pct of: proven_claims · outcome: distribution · pct low: 29 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: Proposal approved by Creditors and Court and implemented · claims qualifier: unstated; basis: plan · quote: Subject to Article 2.2 above, the NW US Entities will not pursue [$1 million] of their unsecured Claims or receive any distributions in respect of same under this Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · amount low: 1000000 · amount high: 1000000 · class label: NW US Entities' unsecured Claims · creditor name: NW US Entities · interim final: unstated · conditional on: Proposal approved by NW Canada Entities' creditors and the Court and is implemented · claims qualifier: unstated · stated on: 2018-11-16 · table missing: