NOI
Proposal Package to Creditors dated March 10, 2010
Proposal document · 10 March 2010
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The claims of the Preferred Creditors are to be paid in full in priority to all Claims of Ordinary Creditors in accordance with the scheme of distribution set forth in the BIA or as may be otherwise arranged between the applicable Debtor and its Preferred Creditors. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Claims of the Ordinary Creditors with Proven Claims that are equal to or less than $500 (including, for greater certainty, those Ordinary Creditors with Claims in respect of a Debtor that are greater than $500 but who elect, by completion of a the form attached hereto as Schedule A, to value their Claim at $500) are to be paid in full on a date that is not later than six months afler the Court Approval Date. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · amount low: 500 · amount high: 500 · class label: Ordinary Creditors with Proven Claims Equal to or Less Than $500 · interim final: unstated · conditional on: Ordinary Creditors with Proven Claims greater than $500 may elect to value their claim at $500 to be paid in full · claims qualifier: unstated; basis: plan · quote: The Claims of all Ordinary Creditors with Proven Claims greater than $500 who do not make the election contemplated by Section 2.3 above shall be satisfied by the issuance of promissory notes in the form of Schedule B to this Proposal, whereby GHVLP promises to pay a dividend aggregating 30 cents per dollar of the Proven Claims, such dividend payable in five equal annual payments, the first of such payments being due on the date that is the first anniversary of the Court Approval Date. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Ordinary Creditors with Proven Claims Greater Than $500 · interim final: unstated · conditional on: dividend payable in five equal annual payments, first due on first anniversary of Court Approval Date; payments contingent on payment of Administrative Fees and Expenses first · cents on dollar: 30 · claims qualifier: unstated; basis: plan · quote: Payments under the Proposal are projected to total 3O on the dollar of the proven claims of Unsecured Creditors, with the potential for further distributions should the Company be successful pursuing the Miner's Lien Action. · pct of: proven_claims · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · conditional on: with the potential for further distributions should the Company be successful pursuing the Miner's Lien Action · cents on dollar: 30 · claims qualifier: unstated · stated on: 2010-03-10 · table missing: