Alberta · CCAA
Plan of Arrangement and Reorganization
Plan of arrangement / compromise · 19 March 2010
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Pursuant to this Plan, the Lienholders and other Unaffected Creditors (excluding VCI) will receive 100% of the amount of their Proven Claims and will thereafter be deemed satisfied and extinguished. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: debtor · class label: Lienholders and other Unaffected Creditors (excluding VCI) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (i) a cash payment equal to 100% of the amount of their Proven Claim up to the first $10,000 thereof; and · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · conditional on: 100% of the first $10,000 of Proven Claim; 55% of the unsecured Proven Claim in excess of $10,000 · claims qualifier: unstated; basis: plan · quote: Notwithstanding its unsecured Proven Claim, VCI will explicitly waive any right to receive any distribution under paragraph (a) of this Section, such waiver being effective only for the purposes of this Plan and only if this Plan is approved by the Creditors and the Court, and such waiver not being effective for any other purpose. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: VCI · creditor name: VCI · interim final: unstated · conditional on: waiver effective only if Plan approved by Creditors and Court · claims qualifier: unstated; basis: plan · quote: The Unaffected Creditors (with the exception PNR Railworks Inc. ("PNR")) shall be paid 100% of their secured Proven Claims on the Distribution Date. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: debtor · class label: Unaffected Creditors (with the exception of PNR Railworks Inc.) · interim final: unstated · claims qualifier: unstated · table missing: