British Columbia · CCAA
Notice of Application re Sanction Order and CCAA Termination Order dated December 23, 2025
Application / notice of application · 23 December 2025
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: The Petitioners consider the certainty of timing and quantum of four percent (4%) of Accepted Claims by Affected Creditors to provide a better outcome to the Affected Creditors than a near term liquidation. · pct of: unstated · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: As noted by the Monitor in its Fifth Report dated November 26, 2025, the expected recovery to creditors upon liquidation ranges between nil (less than 1%) to two percent (2%), given numerous risk factors associated with realization of the Petitioners' liquidation value. · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 2 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated · table missing: