British Columbia · CCAA
Notice of Application returnable July 3, 2018 - 6/26/2018
Application / notice of application · 3 July 2018
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Affected Creditors will have all of their Proven Claims paid in full and USW will receive a payment of CDN$75,000 in respect of its costs in the CCAA proceedings. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Affected Creditors will have all of their Proven Claims paid in full and USW will receive a payment of CDN$75,000 in respect of its costs in the CCAA proceedings. · pct of: unstated · outcome: distribution · currency: CAD · stated by: debtor · amount low: 75000 · amount high: 75000 · class label: USW · creditor name: USW · interim final: unstated · currency quote: CDN$75,000 · claims qualifier: unstated; basis: plan · quote: Ihe 1974 Plan will receive the first CDN$13 million from the Deemed lnterest Claim Distribution Cash Pool (the "1974 Plan Settlement Amount"), as a result of which the 1974 Plan Claim shall be fully and finally satisfied, settled, extinguished, released, and discharged. · pct of: unstated · outcome: distribution · currency: CAD · stated by: debtor · amount low: 13000000 · amount high: 13000000 · class label: 1974 Plan · creditor name: 1974 Plan · interim final: unstated · currency quote: CDN$13 million · claims qualifier: unstated; basis: plan · quote: Warrior will receive distributions of any surplus of the Available Funds, free and clear of any claims of Affected Creditors, to fully and finally satisfy, compromise, extinguish, release and discharge Warrior's Deemed lnterest Claim. · pct of: unstated · outcome: distribution · stated by: debtor · class label: Warrior · creditor name: Warrior · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The CCAA Plan complies with section 6(8) of the CCAA in that the Applicants are distributing all their available assets to or on behalf of their creditors, and no distribution is to be made on account of equity claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: equity claims · interim final: unstated · claims qualifier: unstated · table missing: