Alberta · CCAA
Devonshire - Plan of Arrangement
Plan of arrangement / compromise · 9 February 2026
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: If the Net Sale Proceeds from the Community Sale available to the Life Lease Claimants in respect are, on a total basis, less than 65% of the total value of all Proven Life Lease Claims in respect of the Community, then the Life Lease Claimants shall be eligible to participate in (along with eligible life lease claimants from other Communities) and potentially receive further distributions from Equity Funds Pool up to a total of 65% of the total value of all Proven Life Lease Claims in respect of the Community to the extent that there are available funds in the Equity Funds Pool. · pct of: unstated · outcome: distribution · pct low: 65 · pct high: 65 · class key: unsecured · stated by: monitor · class label: Life Lease Claimants · interim final: unstated · conditional on: eligible to participate in and potentially receive further distributions from Equity Funds Pool up to a total of 65% of the total value of all Proven Life Lease Claims, to the extent there are available funds in the Equity Funds Pool · claims qualifier: unstated · table missing: