Quebec · CCAA
Plan of Reorganization and Compromise – dated May 17, 2010
Plan of arrangement / compromise · 17 May 2010
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: Each General Affected Unsecured Creditor with Proven Claims shall receive in full and final satisfaction of its Proven Claims a cash distribution in an amount equal to the amount of its Proven Claims. · pct of: proven_claims · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: General Affected Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Each Debentureholder with Proven Claims shall receive in full and final satisfaction of its Proven Claims, a cash consideration in an amount equal to 33% of the amount of its Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 33 · pct high: 33 · class key: secured · stated by: debtor · class label: Debentureholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of claims described in Section 2.4(1)(a), (b), (c) and (d) will be paid in full by the Petitioner upon the Effective Date or in accordance with the terms of payment of such claims. · pct of: unstated · outcome: paid_in_full · class key: court_charges · stated by: debtor · class label: Holders of claims described in Section 2.4(1)(a), (b), (c) and (d) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Within six months after the Effective Date, all Crown Claims will be paid in full by the Petitioner. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated · stated on: 2010-05-13 · table missing: