British Columbia · CCAA
Plan of Compromise and Arrangement
Plan of arrangement / compromise · 7 June 2023
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: On the Plan Implementation Date, the Debtors shall use the proceeds arising from the Exit Financing to pay the BMO Secured Claim in full. · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: secured · stated by: debtor · class label: BMO Secured Claim · creditor name: BMO · interim final: unstated · currency quote: Distributions shall be made in Canadian dollars. · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors with Proven Claims who are Convenience Creditors will receive the lesser or the value of their Proven Claim and $2,000. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: debtor · amount low: 2000 · amount high: 2000 · class label: Convenience Creditors · interim final: unstated · conditional on: lesser of the value of their Proven Claim and $2,000 · currency quote: Distributions shall be made in Canadian dollars. · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors who are not Convenience Creditors will receive their pro rata share of the Distribution Pool (which is the Plan Contribution Amount less distributions to the Convenience Creditors). · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (non-Convenience) · interim final: unstated · conditional on: pro rata share of the Distribution Pool · currency quote: Distributions shall be made in Canadian dollars. · claims qualifier: unstated; basis: unstated · quote: Absent this Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement, there will be no funds available for distribution to the Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Unsecured Creditors (absent the Plan) · interim final: unstated · conditional on: Absent this Plan and the funding to be provided by a prospective lender pursuant to an Exit Financing Agreement · claims qualifier: unstated · stated on: 2023-05-31 · table missing: