Alberta · NOI
Creditors package on Olympus Proposal, November 4, 2020
Meeting materials · 4 November 2020
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 · 1 withheld
- recovery outcomeentries: basis: estimated · quote: As illustrated above, under the current proposal scenario and based on the quantum of the Estimated Proven Claims of $1,881,249, Affected Creditors (excluding the Related Party Creditor) are estimated to receive an average distribution of approximately 19.1% on their Proven Claims and 18 creditors are estimated to be paid in full (less the OSB levy in both instances). · pct of: proven_claims · outcome: distribution · pct low: 19.1 · pct high: 19.1 · class key: unsecured · stated by: proposal_trustee · class label: Affected Creditors (excluding the Related Party Creditor) · claims amount: 1881249 · interim final: unstated · related party: false · claims qualifier: estimated; basis: estimated · quote: As illustrated above, under the current proposal scenario and based on the quantum of the Estimated Proven Claims of $1,881,249, Affected Creditors (excluding the Related Party Creditor) are estimated to receive an average distribution of approximately 19.1% on their Proven Claims and 18 creditors are estimated to be paid in full (less the OSB levy in both instances). · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: 18 creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Conversely, the Proposal Trustee estimates that, in a bankruptcy scenario, creditors may receive recoveries in the approximate range of 1.3% – 2.3% based on the assumptions illustrated above. · pct of: unstated · outcome: distribution · pct low: 1.3 · pct high: 2.3 · class key: unsecured · stated by: proposal_trustee · class label: creditors (bankruptcy scenario) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the Company's preliminary calculations, the CF Landlords, who hold aggregate claims of $910,102.56, are anticipated to receivc an aggregate distribution of approximately $151,111 under the Proposal (net of the OSB Levy). · pct of: unstated · outcome: distribution · class key: landlord · stated by: proposal_trustee · amount low: 151111 · cumulative: true · amount high: 151111 · class label: CF Landlords · claims amount: 910102.56 · creditor name: CF Landlords (Laval, Anjou and Ontrea) · interim final: unstated · claims qualifier: asserted; basis: plan · quote: Claims by priority creditors, including Crown Claims and employee claims which fall under s. 136(1)(d) of the BIA, will be paid in full from the Proposal Fund within six months after Court approval of the Proposal as required by S. 60(1.1) of the BIA. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: proposal_trustee · class label: Priority Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-11-04 · 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.