British Columbia · CCAA
Twelfth Report of the Monitor - 8/11/2017
Court officer report · 11 August 2017
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: the six Claimants with Unresolved Claims which total $18.7 million (as filed, subject to being reduced through the claim dispute process) would not receive a distribution at this time · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Claimants with Unresolved Claims · claims amount: 18700000 · interim final: unstated · conditional on: under the Proposed Limited Distribution; they would later face potentially only a few cents on the dollar if the 1974 Pension Plan's Claim becomes an Allowed Claim · claims qualifier: asserted; basis: estimated · quote: the Monitor included a preliminary estimate of realizations for Walter Canada's creditors which showed a potential distribution rate of 5.8% (before certain professional fees and other costs) if the 1974 Pension Plan's Claim is included · pct of: unstated · outcome: distribution · pct low: 5.8 · pct high: 5.8 · class key: unsecured · stated by: monitor · class label: Walter Canada's creditors (if the 1974 Pension Plan's Claim is included) · interim final: unstated · conditional on: if the 1974 Pension Plan's Claim is included; before certain professional fees and other costs · claims qualifier: unstated · stated on: 2017-08-11 · table missing: