Quebec · Proposal
Notice of Proposal to Creditors – dated December 7, 2007
Notice to creditors · 7 December 2007
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: The EMPLOYEE CLAIMS shall be paid in full in the normal course of business. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: EMPLOYEE CLAIMS · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The PROPOSAL EXPENSES will be paid in full, as they become due, in priority to all PREFERRED CLAIMS, CROWN CLAIMS and UNSECURED CLAIMS. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: PROPOSAL EXPENSES · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The CROWN CLAIMS, without interest, will be paid in full within six (6) months of the APPROVAL. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: CROWN CLAIMS · interim final: unstated · claims qualifier: unstated; basis: plan · quote: PREFERRED CLAIMS, without interest, will be paid in full in priority to all UNSECURED CLAIMS. · 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: the UNSECURED CREDITORS, other than the FONDS, will receive from the Basket Amount: · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 10000 · amount high: 10000 · class label: UNSECURED CLAIMS (other than the FONDS) · interim final: unstated · conditional on: the lesser of 100% of their PROVEN CLAIMS and $10,000 within sixty days of APPROVAL, then a pro rata and pari passu share of the balance · claims qualifier: unstated; basis: plan · quote: In final and complete settlement of its UNSECURED CLAIM in the amount of $3,847,500, the FONDS will be paid the sum of $500,000 within sixty (60) days following the APPROVAL; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 500000 · amount high: 500000 · class label: FONDS · claims amount: 3847500 · creditor name: Fonds de solidarité des Travailleurs du Québec (F.T.Q.) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: POST-FILING GOODS AND SERVICES will be paid in full in the ordinary course of business and on regular trade terms. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: POST-FILING GOODS AND SERVICES · interim final: unstated · claims qualifier: unstated · stated on: 2007-12-07 · table missing: