Ontario · CCAA
Compendium of Brokers (redacted, dated August 27, 2020)
Application / notice of application · 27 August 2020
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: it is proposed that affected creditors (being those in categories (b) and (c) above) would receive a dividend equal to 3% of their proven claims in exchange for extinguishment of their claims and the releases contemplated under the Plan of Arrangement subject to there being a cap on funding for such claims of $300,000. · pct of: proven_claims · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: debtor · class label: affected creditors (being those in categories (b) and (c) above) · interim final: unstated · conditional on: subject to a cap on funding for such claims of $300,000 · claims qualifier: unstated; basis: plan · quote: assuming the claim is verified, the broker would be eligible for a dividend under the Plan equal to 3% of the affected broker's Restructuring Period Claim, subject to the $300,000.00 cap on distributions set out in the Plan. · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: debtor · class label: Brokers (affected broker's Restructuring Period Claim) · interim final: unstated · conditional on: assuming the claim is verified; subject to the $300,000.00 cap on distributions set out in the Plan; if the Pre-Sale Contract is not affirmed and the purchaser elects the Compensation Option · claims qualifier: unstated; basis: plan · quote: The Reorganization Plan proposes that the General Creditors receive 37% of the principal amounts of their proven claims. · pct of: proven_claims · outcome: distribution · pct low: 37 · pct high: 37 · class key: unsecured · stated by: court · class label: unsecured creditors of the Operating Company (General Creditors), Woodward's plan · interim final: unstated · claims qualifier: unstated; basis: plan · quote: It is proposed in the Reorganization Plan that the Noteholders receive 32% of their indebtedness. · pct of: unstated · outcome: distribution · pct low: 32 · pct high: 32 · class key: unsecured · stated by: court · class label: Noteholders (unsecured creditors of the Holding Company) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Reorganization Plan proposes that the terminated equipment financiers be treated as General Creditors and that they receive 37% of the amounts of their claims. · pct of: unstated · outcome: distribution · pct low: 37 · pct high: 37 · class key: pmsi_lessor · stated by: court · class label: equipment financiers (terminated), treated as General Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: proposes a compromise payment of roughly $.10 on the dollar by dividing $500,000 between all unsecured creditors in this class on a pro rata basis, after payment of the first $200.00 of each proven claim. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: court · amount low: 500000 · amount high: 500000 · class label: unsecured creditors in one class (San Francisco Gifts plan) · interim final: unstated · conditional on: $500,000 divided pro rata after payment of the first $200.00 of each proven claim · claims qualifier: unstated · stated on: 2020-08-27 · table missing: