British Columbia · CCAA
Amended Plan of Arrangement
Plan of arrangement / compromise · 8 January 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: Secured Creditors : 100% of the assets of WGI, including all of the shares of the capital stock of all WGI subsidiaries (with the sole exception of Mountlake and Riverside) will be transferred to the Receiver or other nominee. · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: secured · stated by: debtor · class label: Secured Creditor · creditor name: Fortress Credit Corp. (as agent) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Petitioners will pay to the General Creditors 5 cents on the dollar of their proven claims. · pct of: proven_claims · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: debtor · class label: General Creditors · interim final: unstated · conditional on: Each General Creditor will receive an upfront payment representing 0.857% of their provable claim to be paid on the Completion Date; balance paid over 3 years · cents on dollar: 5 · claims qualifier: unstated · table missing: