Ontario · NOI
Order of Master Jean dated February 4, 2020 (Approval Order)
Plan sanction / final order · 4 February 2020
What we verified from this filing6 verified · 1 withheld
- commencement date4 February 2020
- courtONTARIO SUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND BANKRUPTCY
- provinceONTARIO
- presiding officerAssociate Judge Jean
- presiding officerAssociate Judge Jean
- recovery outcomeentries: basis: plan · quote: 5.1. The Debtor covenants and agrees to pay in full all Employee Claims that were outstanding as at the Filing Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 6.1. Small Claim Creditors may elect to receive a cash payment on June 1, 2020 for the lesser of their Claim and $3,000 in full and final satisfaction of their Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount high: 3000 · class label: Small Claim Creditors · interim final: unstated · conditional on: lesser of their Claim and $3,000 in full and final satisfaction of their Claim · claims qualifier: unstated; basis: plan · quote: 6.3. Promissory Note Holders who have proven a Claim to the Trustee for debts existing as of the Filing Date will receive Class B Notes for 25% of the face value of the Promissory Note in full and final satisfaction of the Promissory Note Holders' claim, to be paid to the extent of funds available after collecting the ETR and after payment of the remaining Funding Debt and Class A Notes. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: debtor · class label: Promissory Note Holders · interim final: unstated · conditional on: to be paid to the extent of funds available after collecting the ETR and after payment of the remaining Funding Debt and Class A Notes · claims qualifier: unstated; basis: plan · quote: 6.2. 2019 Unsecured Creditors, who have proven a Claim to the Trustee for debts existing as of the Filing Date, will receive Class A Notes to be paid to the extent of funds available after collecting the ETR and after payment of any remaining Funding Debt as noted above. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: 2019 Unsecured Creditors · interim final: unstated · conditional on: to be paid to the extent of funds available after collecting the ETR and after payment of any remaining Funding Debt · claims qualifier: unstated; basis: plan · quote: 12.1. All Post-Filing Claims shall be paid in full in the ordinary course by the Debtor. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post-Filing Claims · interim final: unstated · claims qualifier: unstated · table missing:
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.