Alberta · Proposal
Proposal Approval Order
Plan sanction / final order · 24 November 2023
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What we verified from this filing7 verified
- applicantAlvarez & Marsal Canada Inc.
- commencement date24 November 2023
- courtCOURT OF KING’S BENCH OF ALBERTA
- court file noB301-004437
- statutory basissection 192 of the ABCA
- presiding officerJustice B.B. Johnston
- recovery outcomeentries: basis: plan · quote: Preferred Claims (if any) that are Proven Claims will be paid in full from the Final Proposal Funding Amount by the Proposal Trustee on behalf of Ivrnet, in priority to all other Unsecured Claims in accordance with the scheme of distribution set forth in the BIA; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Claims (if any) that are Convenience Claims will be paid by the Proposal Trustee on behalf of Ivrnet from the Creditor Distribution Pool the lesser of (i) $2,200 and (ii) the amount of their Convenience Claim, in full and final satisfaction of their Claims; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 2200 · amount high: 2200 · class label: Unsecured Claims that are Convenience Claims · interim final: unstated · conditional on: the lesser of $2,200 and the amount of their Convenience Claim, in full and final satisfaction of their Claims · claims qualifier: unstated; basis: plan · quote: Subject to Section 2.5, Unsecured Claims (if any) that are Proven Claims and not Convenience Claims will be paid by the Proposal Trustee, on behalf of Ivrnet, a pro rata share of the amount remaining in the Creditor Distribution Pool after (i) payment of or provision for the Convenience Claims and (ii) any provision or holdback (as determined in the discretion of the Proposal Trustee) (the ' Holdback ') for any Unsecured Claims in respect of which, in each case, a Proof of Claim was properly filed on a timely basis but which has not been finally determined (each, an ' Unresolved Claim '). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Claims that are Proven Claims and not Convenience Claims · interim final: unstated · conditional on: pro rata share of the amount remaining in the Creditor Distribution Pool after payment of Convenience Claims and any Holdback for Unresolved Claims · claims qualifier: unstated · table missing: