Ontario · Proposal
Motion Record returnable September 16, 2021
Application / notice of application · 16 September 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: In the proposal scenario, the Secured Creditors will receive no distributions pursuant to this Proposal. · pct of: unstated · outcome: nil · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: In a liquidation the Secured Creditors are estimated to recover 100A of their aaims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: proposal_trustee · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Unsecured Creditors in a Liquidation/Bankruptcy scenario is 9% versus approximately 36% in the Proposal scenario · pct of: unstated · outcome: distribution · pct low: 36 · pct high: 36 · class key: equity · stated by: proposal_trustee · class label: Unsecured Creditors, excluding shareholder loan creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: the Unsecured Creditors in a Liquidation/Bankruptcy scenario is 9% versus approximately 36% in the Proposal scenario · pct of: unstated · outcome: distribution · pct low: 9 · pct high: 9 · class key: equity · stated by: proposal_trustee · class label: Ordinary Creditors, including shareholder loan creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Shareholder Loan Creditors shall vote as part of the Affected Creditor Class, as described above. However, the Shareholder Loan Creditors shall not be paid any distribution under the Proposal. · pct of: unstated · outcome: nil · class key: equity · stated by: proposal_trustee · class label: Shareholder Loan Creditors · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: Pursuant to the Proposal, proven Crown Priority Ciaims wiii be paid in fuii, with oniy payment of Administrative Fees and Expenses and the Bankruptcy Reserve being paid in priority to such amounts. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Preferred Claims shall vote as part of the Affected Creditor Class and shall be paid in full without interest out of the Proposal Consideration, in priority to Convenience Class Claims and Ordinary Creditors in accordance with the scheme of distribution set forth in the BIA. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated · table missing: