What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: There are no Employee Priority Claims other than one potential claim in the amount of $57.67 which will be subject to a motion by the USW to allow for the late filing of the claim of which that amount is part. · pct of: unstated · outcome: nil · class key: preferred · stated by: monitor · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Section 5.7 of the Plan provides that no payments will be made on account of equity claims. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As described earlier in this Report, each of the Hourly Pension Plan and the Salaried Pension Plan will receive aggregate distributions of $18 million under the Plan representing a distribution of 62.75% of the Pension Claims in respect of the Hourly Pension Plan and 65.84% of the Pension Claims in respect of the Salaried Pension Plan. · pct of: unstated · outcome: distribution · pct low: 62.75 · pct high: 62.75 · class key: unsecured · stated by: monitor · amount low: 18000000 · amount high: 18000000 · class label: Hourly Pension Plan · creditor name: Hourly Pension Plan · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As described earlier in this Report, each of the Hourly Pension Plan and the Salaried Pension Plan will receive aggregate distributions of $18 million under the Plan representing a distribution of 62.75% of the Pension Claims in respect of the Hourly Pension Plan and 65.84% of the Pension Claims in respect of the Salaried Pension Plan. · pct of: unstated · outcome: distribution · pct low: 65.84 · pct high: 65.84 · class key: unsecured · stated by: monitor · amount low: 18000000 · amount high: 18000000 · class label: Salaried Pension Plan · creditor name: Salaried Pension Plan · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The estimated distribution on account of the Pension Claims, if the Plan is not approved and implemented, would be approximately $48 million in Scenario 1 if all of the deemed trust arguments were successful in their entirety in the Pension Priority Proceedings and approximately $11 million in Scenario 2, which assumes no deemed trust. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: monitor · amount low: 48000000 · amount high: 48000000 · class label: Pension Claims (Scenario 1, if deemed trust arguments successful) · interim final: unstated · conditional on: if the Plan is not approved and implemented and all deemed trust arguments successful in Scenario 1 · claims qualifier: unstated; basis: liquidation_alternative · quote: The estimated distribution on account of the Pension Claims, if the Plan is not approved and implemented, would be approximately $48 million in Scenario 1 if all of the deemed trust arguments were successful in their entirety in the Pension Priority Proceedings and approximately $11 million in Scenario 2, which assumes no deemed trust. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: monitor · amount low: 11000000 · amount high: 11000000 · class label: Pension Claims (Scenario 2, no deemed trust) · interim final: unstated · conditional on: if the Plan is not approved and implemented, Scenario 2, no deemed trust · claims qualifier: unstated; basis: liquidation_alternative · quote: However, if the deemed trust arguments were unsuccessful in Scenario 1, the estimated distributions on account of the Pension Claims would be approximately $9 million. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: monitor · amount low: 9000000 · amount high: 9000000 · class label: Pension Claims (Scenario 1, deemed trust arguments unsuccessful) · interim final: unstated · conditional on: if the deemed trust arguments were unsuccessful in Scenario 1 · claims qualifier: unstated; basis: unstated · quote: The Participating CCAA Parties are insolvent and Affected Unsecured Creditors face a significant shortfall on their indebtedness. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: monitor · class label: Affected Unsecured Creditors (shortfall on indebtedness) · interim final: unstated · claims qualifier: unstated · table missing: As set out in the Forty-Sixth Report, the increase in estimated potential distributions to Affected Unsecured Creditors, other than Pension Claims, resulting from the Plan is summarized as follows:; The estimated potential distributions to Affected Unsecured Creditors, other than Pension Claims, if the Plan is not implemented are summarized as follows: