British Columbia · CCAA
Notice of Application returnable May 31, 2018 - 5/25/2018
Application / notice of application · 31 May 2018
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: 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 · 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: The 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: The 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 (Deemed Interest Claim) · creditor name: Warrior · interim final: unstated · claims qualifier: unstated · table missing: