Ontario · CCAA
Eighth Report of the Monitor dated November 4, 2016
Court officer report · 4 November 2016
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Convenience Creditors, being Creditors with Affected Unsecured Claims that, in the aggregate: i) are less than or equal to $5,000; or ii) exceed $5,000, but elect to value their claims at $5,000 for both voting and distribution purposes under the Plan, are to receive a cash distribution of the lesser of their claim amount or $5,000 ('Cash Elected Amount'). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount high: 5000 · class label: Convenience Creditors · interim final: unstated · conditional on: cash distribution of the lesser of their claim amount or $5,000 · claims qualifier: unstated; basis: plan · quote: Each Affected Unsecured Creditor of LIMH (of which there are eight), excluding Convenience Creditors (of which there are four, including SIPA), will release and discharge LIMH in exchange for a Pro Rata Share of 25% of the post-Plan Implementation issued shares of LIMH, with no creditor receiving more than 19.9% of the shares; · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Unsecured Creditor of LIMH (excluding Convenience Creditors) · interim final: unstated · conditional on: no creditor receiving more than 19.9% of the shares · claims qualifier: unstated · stated on: 2016-11-04 · table missing: