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: Subject to the Claims Process and the closing of the Bench Creek Transaction, it is expected that all creditors affected by the Proposal will be paid in full plus 5% interest, in accordance with the BIA, accruing as of the date of the NOl. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: creditors affected by the Proposal · interim final: unstated · conditional on: Subject to the Claims Process and the closing of the Bench Creek Transaction; plus 5% interest · claims qualifier: unstated; basis: plan · quote: further, is expected to fully satisfy all claims of the unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Therefore, if the Bench Creek Transaction closes successfully, but the Proposal is not approved, the expected realization for the unsecured creditors in a bankruptcy is anticipated to be equal to the expected realization under the contemplated Proposal. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · conditional on: if the Bench Creek Transaction closes successfully but the Proposal is not approved; realization equal to that under the Proposal · claims qualifier: unstated; basis: liquidation_alternative · quote: In that instance, creditors will likely not realize any recovery as the BCOGC will likely claim all the Company's funds. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: creditors (if the Bench Creek Transaction does not close) · interim final: unstated · conditional on: if the Bench Creek Transaction does not close and the Company is deemed bankrupt · claims qualifier: unstated; basis: plan · quote: Any Crown claims will be paid in full within six months of the date of approval by Court; · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown claims · interim final: unstated · conditional on: within six months of the date of approval by Court · claims qualifier: unstated; basis: plan · quote: Any preferred claims will be paid in full; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: preferred claims · interim final: unstated · claims qualifier: unstated · stated on: 2021-08-17 · table missing: