Nova Scotia · CCAA
Intelivote - Monitor's First Report dated July 26, 2022.pdf
Court officer report · 26 July 2022
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: Unaffected Creditors will not be entitled to vote on the Plan of Arrangement at the Creditors Meeting, will not be entitled to any dividends under the Plan of Arrangement, and their debts will not be compromised by the Plan. · pct of: unstated · outcome: nil · stated by: monitor · class label: Unaffected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Related Creditors shall not be entitled to vote in favour of the Plan of Arrangement and shall not receive a distribution under the Plan of Arrangement. · pct of: unstated · outcome: nil · stated by: monitor · class label: Related Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The value of the Secured Creditor's security shall be set at Sixty Thousand Dollars ($60,000.00), with the remainder of the said debt to be assessed as unsecured for the purposes of voting with the remaining Creditors. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 60000 · amount high: 60000 · class label: Secured Creditor (NSBI) · creditor name: NSBI · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Other than the Secured Creditor who shall be paid the value of its security as described in Article 2.4 hereof, the remaining Creditors (which shall include NSBI in respect of the unsecured portion of its debt claim) shall be entitled to a distribution of the remaining Two Hundred and Forty Thousand Dollars ($240,000) amount as contemplated under this Plan of Arrangement on a pro rata basis. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 240000 · amount high: 240000 · class label: remaining Creditors (including NSBI's unsecured portion) · interim final: unstated · conditional on: pro rata distribution of the remaining $240,000 · claims qualifier: unstated · table missing: