Alberta · NOI
Notice to Creditors dated June 2, 2023
Notice to creditors · 2 June 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: the distribution of the Proposal Fund to Unsecured Creditors as contemplated by the Proposal, estimated to be between 72.7% and 87.6% of claims; · pct of: unstated · outcome: distribution · pct low: 72.7 · pct high: 87.6 · class key: unsecured · stated by: proposal_trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: be paid in full if the class approves the Proposal; · pct of: unstated · outcome: paid_in_full · class key: landlord · stated by: proposal_trustee · class label: Sask Lienholders · interim final: unstated · conditional on: if the class approves the Proposal · claims qualifier: unstated; basis: plan · quote: Certain Crown Claims, relating to payroll taxes as defined in the Proposal, are to be paid in full within six months following Court approval of the Proposal or in an extended period of time if approved by CRA. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Certain Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Wage Claims plus any amounts owing to employees or former employees for services rendered between the Initial Filing Date and Court approval of the Proposal shall be paid in full from the Company's operational cash flows immediately following Court approval of the Proposal. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Wage Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Under the Proposal scenario RBC is unaffected and will not receive a distribution from the Proposal Fund. · pct of: unstated · outcome: nil · class key: secured · stated by: proposal_trustee · class label: Royal Bank of Canada · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2023-06-02 · table missing: