Ontario · CCAA
Motion Record Sixth HWT Interim Distribution, returnable
Application / notice of application · 2 March 2012
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: estimated · quote: The Monitor is recommending that the amount of the Sixth Interim Distribution on account of the Sixth Distribution Benefits be the amount that, when taken with the previous interim distributions, will be 35% of each of his or her Income Benefits, LTD Life and LTD Optional Life Benefit as the case may be, as explained below. · pct of: unstated · outcome: distribution · pct low: 35 · currency: CAD · pct high: 35 · class key: unsecured · stated by: monitor · class label: Income Beneficiaries, LTD Life and LTD Optional Life Benefits (Sixth Distribution Benefits) · interim final: interim · currency quote: all monetary amounts contained herein are expressed in Canadian dollars · claims qualifier: unstated; basis: estimated · quote: the Monitor does not recommend a further interim distribution be made on account of Pensioner Life. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Pensioner Life · interim final: interim · claims qualifier: unstated; basis: actual · quote: The LTD Beneficiaries have received 25% of the value of their LTD Income as a result of a series of interim distributions approved by this Court. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: LTD Income · interim final: interim · claims qualifier: unstated; basis: actual · quote: The LTD Beneficiaries have also received 25% of the value of their LTD Life and LTD Optional Life Benefit and 20% of the value of their Pensioner Life. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: LTD Life and LTD Optional Life Benefit · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On November 9, 2010 this Court approved an interim distribution of 20% on account of the value of Pensioner Life. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: monitor · class label: Pensioner Life · interim final: interim · claims qualifier: unstated · stated on: 2012-02-24 · table missing: The following tables stratify the income beneficiaries by the number of months of monthly benefits⁴ that they would receive on a cumulative basis, if a total distribution of 35% on account of Income Benefits, LTD Life Benefits and LTD Optional Life Benefits was approved: