Quebec · CCAA
H_Report of the Monitor on Plan • June 14, 2004
Court officer report · 14 June 2004
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Further, the Plan contemplates a distribution of $11.9MM to the unsecured creditors of BSF representing a potential payout of approximately 37% for unsecured creditors of BSF other than Ivanhoe (based on BSF's books and records) whereas in the case of an orderly liquidation of the assets, it is estimated that the unsecured creditors would receive a potential payout of approximately 22% of their claims. · pct of: unstated · outcome: distribution · pct low: 37 · pct high: 37 · class key: unsecured · stated by: monitor · amount low: 11900000 · amount high: 11900000 · class label: unsecured creditors of BSF other than Ivanhoe · interim final: unstated · claims qualifier: unstated; basis: plan · quote: With regard to Les Ailes, the Plan contemplates a distribution of $3.7MM to the unsecured creditors, representing a potential payout of i0% for unsecured creditors of Les Ailes (based on the Les Ailes books and records), whereas in the event of an orderly liquidation of the assets, it is estimated that that there would be no funds available to the unsecured creditors. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 10 · class key: unsecured · stated by: monitor · amount low: 3700000 · amount high: 3700000 · class label: unsecured creditors of Les Ailes · interim final: unstated · claims qualifier: unstated · table missing: