Ontario · CCAA
Notice of Filing US Debtor's Reply
Application / notice of application · 22 June 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: First, the Canadian Debtors argue that there is nothing "manifestly unjust" about creditor recoveries of "40% to the general unsecured creditors of the U.S. Debtors (as compared to 49% for the unsecured creditors of the Canadian Debtors)." · pct of: unstated · outcome: distribution · pct low: 40 · pct high: 40 · class key: unsecured · stated by: debtor · class label: general unsecured creditors of the U.S. Debtors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: First, the Canadian Debtors argue that there is nothing "manifestly unjust" about creditor recoveries of "40% to the general unsecured creditors of the U.S. Debtors (as compared to 49% for the unsecured creditors of the Canadian Debtors)." · pct of: unstated · outcome: distribution · pct low: 49 · pct high: 49 · class key: unsecured · stated by: debtor · class label: unsecured creditors of the Canadian Debtors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: under "modified pro rata," the average U.S. unsecured creditor will receive a distribution amounting to 14% of its claim on account of the Sales Proceeds, the average Canadian unsecured creditor will receive a distribution amounting to 47% of its claim (or its deficiency after its claim is partially satisfied by other sources), and the average EMEA unsecured creditor will receive a distribution amounting to 48% of its claim on account of the Sales Proceeds. · pct of: unstated · outcome: distribution · pct low: 14 · pct high: 14 · class key: unsecured · stated by: debtor · class label: average U.S. unsecured creditor · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: under "modified pro rata," the average U.S. unsecured creditor will receive a distribution amounting to 14% of its claim on account of the Sales Proceeds, the average Canadian unsecured creditor will receive a distribution amounting to 47% of its claim (or its deficiency after its claim is partially satisfied by other sources), and the average EMEA unsecured creditor will receive a distribution amounting to 48% of its claim on account of the Sales Proceeds. · pct of: unstated · outcome: distribution · pct low: 47 · pct high: 47 · class key: unsecured · stated by: debtor · class label: average Canadian unsecured creditor · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: under "modified pro rata," the average U.S. unsecured creditor will receive a distribution amounting to 14% of its claim on account of the Sales Proceeds, the average Canadian unsecured creditor will receive a distribution amounting to 47% of its claim (or its deficiency after its claim is partially satisfied by other sources), and the average EMEA unsecured creditor will receive a distribution amounting to 48% of its claim on account of the Sales Proceeds. · pct of: unstated · outcome: distribution · pct low: 48 · pct high: 48 · class key: unsecured · stated by: debtor · class label: average EMEA unsecured creditor · interim final: unstated · claims qualifier: unstated · table missing: