Ontario · CCAA
Motion Record (Returnable April 30, 2013)
Application / notice of application · 26 April 2013
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: unstated · quote: In January 2013, the Monitor delivered final letters advising the creditors asserting 4 of these Claims that their Claims are disallowed and will not be receiving any distributions failing a request by the creditors for the Claims to be referred for adjudication to the Claims Officer. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: creditors asserting Claims disallowed in January 2013 · interim final: unstated · conditional on: failing a request by the creditors for the Claims to be referred for adjudication to the Claims Officer · claims qualifier: unstated; basis: plan · quote: The Existing Shareholders will not be entitled to any distributions under the Plan or any other compensation from the CMI Entities on account of their Equity Claims in connection with or as a result of the transactions contemplated by the Plan. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Existing Shareholders (Equity Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Notwithstanding Sections 4.2 to 4.4, any Person having an Intercompany Claim shall not be entitled to any distribution under the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Persons having an Intercompany Claim · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: The Noteholders shall not receive any distributions under the Plan from National Post or National Post Holdings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Noteholders (claims against National Post or National Post Holdings) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On April 15, 2012, the Monitor distributed $28,942,679.75 to the Ordinary Creditors of the CMI Entities. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 28942679.75 · amount high: 28942679.75 · class label: Ordinary Creditors of the CMI Entities · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Monitor distributed $4,214,697.13 to 262 former employees of the · pct of: unstated · outcome: distribution · class key: preferred · stated by: monitor · amount low: 4214697.13 · amount high: 4214697.13 · class label: former employees of the CMI Entities · interim final: unstated · claims qualifier: unstated · stated on: 2013-04-26 · table missing: