Ontario · CCAA
Supplemental Motion Record re Sanction Hearing returnable January 18, 2007
Application / notice of application · 23 November 2006
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: Assuming a pro rata distribution, and Proven claims of $9 million, the dividend payout would range from 11.1% to 17.8% to provide a mid point dividend rate of 14.4%. · pct of: proven_claims · outcome: distribution · pct low: 11.1 · pct high: 17.8 · class key: unsecured · stated by: monitor · class label: Affected Creditors · claims amount: 9000000 · interim final: unstated · claims qualifier: proven; basis: plan · quote: Pursuant to Article 4 of the Plan, Affected Creditors with aggregate Claims of $5,000 or less are paid 25 cents on the dollar'. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Creditors with aggregate Claims of $5,000 or less · interim final: unstated · cents on dollar: 25 · claims qualifier: unstated; basis: plan · quote: For amounts above that level of recovery from the Distribution Assets, the LaSalle Group Lenders would be entitled to assert their security rights, although they still may not choose to do so. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Creditors (Article 5 Claims) · interim final: unstated · conditional on: a recovery over 25% is most unlikely · claims qualifier: unstated · stated on: 2006-11-23 · table missing: