Quebec · CCAA
Twenty-Fifth report of the Monitor – dated February 22, 2017
Court officer report · 22 February 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On or about December 19, 2016, the Monitor made a final 25% interim distribution to holders of Proven Claims in this category, as valued in accordance with Schedule F to the Amended Plan and thereby finalized the payment of 100% of the total distribution payable to those claimants (before any possible reallocation under section 4.2 of the Amended Plan). · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Bodily Injury and Moral Damage Claims · interim final: final · conditional on: before any possible reallocation under section 4.2 of the Amended Plan · claims qualifier: unstated; basis: estimated · quote: it is estimated as of the date hereof, that the distribution to holders of each Proven Claim will be 56.6%. · pct of: proven_claims · outcome: distribution · pct low: 56.6 · pct high: 56.6 · class key: unsecured · stated by: monitor · class label: Property and Economic Damages Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Of these, 1,631 claims have been allowed and their holders have received an interim distribution of 50% (approximately $6.2 million) of the estimated total distribution payable to the holders of Proven Claims. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: monitor · amount low: 6200000 · amount high: 6200000 · class label: Property and Economic Damages Claims · interim final: interim · claims qualifier: unstated; basis: actual · quote: City of Lac-Mégantic - the distribution in respect of its $20 million claim was paid in 2016; · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: City of Lac-Mégantic · claims amount: 20000000 · creditor name: City of Lac-Mégantic · interim final: unstated · claims qualifier: asserted; basis: actual · quote: Province of Quebec ('Province') - an interim amount of 50% of the projected distribution in respect of the $409 million claim filed by the Province was paid in 2016. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · stated by: monitor · class label: Province of Quebec · claims amount: 409000000 · creditor name: Province of Quebec · interim final: interim · claims qualifier: asserted · stated on: 2017-02-22 · table missing: