Alberta · Proposal
Creditor Package - Black-lined
Meeting materials · 15 December 2010
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: THAT upon Court Ratification, the Proven Claim of the Regional Municipality of Old Post No. 43 shall be paid in full with funds to be provided to the Receiver by the Unaffected Secured Creditor, which amount shall be added to the First Secured Debt. Crown Claims · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Regional Municipality of Old Post No. 43 (Affected Secured Creditor) · creditor name: Regional Municipality of Old Post No. 43 · interim final: unstated · conditional on: upon Court Ratification · claims qualifier: unstated; basis: plan · quote: THAT, unless the Crown consents to an extension of the time allowed, all Crown Claims incurred prior to the Filing Date shall be paid in full by the Receiver within threesix months ofafter Court Ratification, as set out in the Receivership Claims Process, with funds provided to the Receiver by the Unaffected Secured Creditor, and which amount shall be added to the First Secured Debt. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Claims · interim final: unstated · conditional on: within six months after Court Ratification · claims qualifier: unstated; basis: plan · quote: THAT all Claims of Preferred Creditors, including wages, salaries, commissions or compensation, for services rendered before the Filing Date shall be paid in full by the Receiver within three months of Court Ratification, as set out in the Receivership Claims Process, with funds being provided to the Receiver by the Unaffected Secured Creditor, which amount shall be added to the First Secured Debt. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors · interim final: unstated · conditional on: within three months of Court Ratification · claims qualifier: unstated; basis: actual · quote: The Receiver subsequently made the Debenture Payment, which totalled $12.959 million, with the funds advanced by the Unaffected Secured Creditor. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Debenture Holders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: THAT, subject to the Levy, all Proven Claims of the Ordinary Unsecured Creditors shall be , excluding those of non-arm's length creditors, will receive payment from the Dividend Fund on the following basis: (i) payment of the lesser of the amount of their Claim or $1,500; and (ii) as to the balance of their Claim, if any, after deducting the cash payment referred to in (i) above, each Ordinary Unsecured Creditor will receive its pro rata pari passu share of the remaining amount of the Dividend Fund, to be paid in full by the Receiver within three months of Court Ratification, as set out in of the ReceivershipSecond Amended Proposal. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Ordinary Unsecured Creditors · interim final: unstated · conditional on: payment of the lesser of the amount of their Claim or $1,500; balance paid pro rata pari passu from remaining Dividend Fund · claims qualifier: unstated · table missing: