Quebec · Proposal
Proposal – dated May 17, 2011
Proposal document · 17 May 2011
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: In complete satisfaction and discharge of all UNSECURED CLAIMS, the UNSECURED CREDITORS shall receive a pro rata share of the BASKET AMOUNT as available to the TRUSTEE on any distribution date, after payment of the PROPOSAL EXPENSES, the SECURED CLAIMS, the EMPLOYEE CLAIMS, the PREFERRED CLAIMS and the CROWN CLAIMS, if any. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: UNSECURED CREDITORS · interim final: unstated · conditional on: pro rata share of the BASKET AMOUNT (cash on hand plus $250,000) as available to the TRUSTEE on any distribution date, after payment of PROPOSAL EXPENSES, SECURED CLAIMS, EMPLOYEE CLAIMS, PREFERRED CLAIMS and CROWN CLAIMS; first distribution within 15 days of APPROVAL, second no later than three months from APPROVAL · claims qualifier: unstated; basis: plan · quote: The CROWN CLAIMS, if any, will be paid in full within six (6) months of the APPROVAL, without interest. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: CROWN CLAIMS · interim final: unstated · conditional on: within six (6) months of the APPROVAL, without interest · claims qualifier: unstated; basis: plan · quote: The PREFERRED CLAIMS, if any, will be paid in full in priority to all UNSECURED CLAIMS, without interest. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: PREFERRED CLAIMS · interim final: unstated · conditional on: in priority to all UNSECURED CLAIMS, without interest · claims qualifier: unstated · stated on: 2011-05-17 · table missing: