Ontario · CCAA
CCC Objection to Motion for Reconsideration
Application / notice of application · 12 June 2015
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 filing2 verified
- counselDla Piper LLP
- recovery outcomeentries: basis: estimated · quote: Exhibit A to the U.S. Debtors' Motion, however, concedes that the Courts' modified pro rata mechanism will yield to U.S. general unsecured creditors a 'total recovery' of either 62 or 40 cents on the dollar. · pct of: unstated · outcome: distribution · pct low: 62 · pct high: 62 · class key: unsecured · stated by: unstated · class label: U.S. general unsecured creditors · interim final: unstated · conditional on: whether guaranteed bondholders are permitted to receive distributions from the U.S. Estate on the full amount of their guarantee claim, or are limited to distribution on the amount of any 'shortfall' remaining after receipt of a distribution from the Canadian Debtors · cents on dollar: 62 · claims qualifier: unstated; basis: estimated · quote: Exhibit A to the U.S. Debtors' Motion, however, concedes that the Courts' modified pro rata mechanism will yield to U.S. general unsecured creditors a 'total recovery' of either 62 or 40 cents on the dollar. · pct of: unstated · outcome: distribution · pct low: 40 · pct high: 40 · class key: unsecured · stated by: unstated · class label: U.S. general unsecured creditors · interim final: unstated · conditional on: whether guaranteed bondholders are permitted to receive distributions from the U.S. Estate on the full amount of their guarantee claim, or are limited to distribution on the amount of any 'shortfall' remaining after receipt of a distribution from the Canadian Debtors · cents on dollar: 40 · claims qualifier: unstated; basis: estimated · quote: Exhibit A also indicates that Canadian general unsecured creditors will recover approximately 49% and EMEA creditors will recover approximately 65%. · pct of: unstated · outcome: distribution · pct low: 49 · pct high: 49 · class key: unsecured · stated by: unstated · class label: Canadian general unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Exhibit A also indicates that Canadian general unsecured creditors will recover approximately 49% and EMEA creditors will recover approximately 65%. · pct of: unstated · outcome: distribution · pct low: 65 · pct high: 65 · class key: unsecured · stated by: unstated · class label: EMEA creditors · interim final: unstated · claims qualifier: unstated · table missing: