Quebec · CCAA
Monitors Report on the Plan of Arrangement – dated February 3, 2012
Plan of arrangement / compromise · 3 February 2012
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: As shown in the above table, the recovery under the Plan is estimated to range between 18% and 21% of the total Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 18 · pct high: 21 · class key: unsecured · stated by: monitor · amount low: 6000000 · amount high: 6000000 · class label: Affected Creditors · interim final: unstated · conditional on: final distribution will vary depending on the results of the Claims Process · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on the above table, the recovery for Affected Creditors in the context of a forced liquidation is estimated to range between NIL and 13% of the total Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 0 · pct high: 13 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · conditional on: forced liquidation scenario; the process would take several months and involves risks which could negatively impact the results · claims qualifier: unstated · stated on: 2012-02-03 · table missing: