Quebec · NOI
Notice of Proposal to Creditors – dated February 8, 2008
Notice to creditors · 8 February 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: Payment of the claims of the holders of PREFERRED CLAlMS other than those referred to in Section 3(b) hereof will be paid in full in priority to all ORDINARY CLAIMS, sixty (60) days after APPROVAL; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: PREFERRED CLAIMS · interim final: unstated · claims qualifier: unstated; basis: plan · quote: owing to Her Majesty in right of Canada or a Province that could be subject to a demand under Section 224 (1.2) of the Income Tax Act, or under any substantially similar provision of provincial legislation, outstanding at the time of the filing of the NOTICE OF INTENTION, will be paid in full within six (6) months after APPROVAL; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: amounts owing to Her Majesty in right of Canada or a Province under Section 224(1.2) of the Income Tax Act · interim final: unstated · claims qualifier: unstated; basis: plan · quote: owing to employees and former employees, that they would have been entitled to receive under Paragraph 136(1)(d) of the ACT if the employer became bankrupt on the date of APPROVAL, will be paid in ful immediately after APPROVAL. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: employees and former employees under Paragraph 136(1)(d) of the Act · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Debts arising in respect to goods supplied, services rendered or other consideration given as and from the date of the filing of the NOTICE OF INTENTION, including amounts owed to LANDLORDS of which either of the COMPANiES was a commercial tenant under a lease of real property (up to the effective date of disclaimer of such leases pursuant to Section 65.2(1) of the ACT), will be paid by the COMPANIES in full in the ordinary course of business and on regular trade terms or as may be arranged by the COMPANIES; · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: debtor · class label: debts arising in respect to goods supplied, services rendered or other consideration given as and from the date of the filing of the NOTICE OF INTENTION, including LANDLORDS · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Each of the COMPANIES' ORDINARY CREDITORS shall receive within sixty (60) days after APPROVAL, In full and final settlement of its ordinary claim, the whole without interest, an amount equal to its pro rata share of the portion of the funds which are to be received and retained by the TRUSTEE with respect to the SETTLEMENT FUND; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: ORDINARY CREDITORS · interim final: unstated · conditional on: pro rata share of the balance of the SETTLEMENT FUND after payment of amounts under paragraphs 3 and 5 · claims qualifier: unstated · stated on: 2008-02-01 · table missing: