Ontario · Proposal
Proposal of Wisp Internet Services Inc.
Proposal document · 12 November 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Debtor covenants and agrees to, within six months after the Effective Date, pay in full all amounts that were outstanding at the Filing Date of a kind that could be subject to a demand under: (i) Subsection 224(1.2) of the ITA; (ii) any provision of the Canada Pension Plan or of the Employment Insurance Act that refers to s.224(1.2) of the ITA and provides for the collection of a contribution, as defined in the Canada Pension Plan, or an employee's premium, or employer's premium, as defined in the Employment Insurance Act, and of any related interest, penalty or other amr n 'o i o moid iis n n n (i r sl amounts contemplated by Section 60(1.1) of the Act. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Debtor covenants and agrees to, within 12 months following the Effective Date, satisfy the Claims of Secured Creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Proven Employee Preferred Claims shall be paid out of funds to be delivered by the Debtor to the Pprod rs e d d l r rl sal Trustee to the entitled claimants immediately after the Court Approval Date and in priority to the Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Preferred Claims, other than Employee Preferred Claims, shall be paid in full, out of the Funded Proposal Payments, without interest, in priority to Proven Unsecured Claims. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims (other than Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Subject to paragraphs 25 and 26 hereof, General Unsecured Creditors with a Proven Claim shall receive their pro rata share of $2,250,000, less the Administrative Fees and Expenses, in full and complete satisfaction of all debts and liabilities of the Debtor. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 2250000 · amount high: 2250000 · class label: General Unsecured Creditors · interim final: unstated · conditional on: less the Administrative Fees and Expenses · claims qualifier: unstated · stated on: 2019-11-12 · table missing: