Alberta · CCAA
Notice of Motion - File Plan of Arrangement, returnable
Application / notice of application · 18 March 2010
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Pursuant to this Plan, the Lienholders will receive 100% of the amount of their Proven Claims and will thereafter be deemed satisfied and extinguished. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: debtor · class label: Lienholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: a cash payment equal to 100% of the amount of their Proven Claim up to the first $10,000 thereof; and · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · amount low: 10000 · amount high: 10000 · class label: Affected Creditors · interim final: unstated · conditional on: 100% of the first $10,000 of each Proven Claim; 55% of the unsecured Proven Claim in excess of $10,000 · claims qualifier: unstated; basis: plan · quote: Upon the sanctioning of this Plan by the Court, VCI will receive $25 million of its $60 million secured Proven Claim. · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · amount low: 25000000 · amount high: 25000000 · class label: VCI · claims amount: 60000000 · creditor name: VCI · interim final: unstated · conditional on: Remaining balance of VCI's secured Proven Claim postponed to all other distributions · claims qualifier: unstated; basis: plan · quote: The Unaffected Creditors (with the exception PNR Railworks Inc. ("PNR")) shall be paid 100% of their secured Proven Claims on the Distribution Date. · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Unaffected Creditors (with the exception PNR Railworks Inc.) · interim final: unstated · claims qualifier: unstated · table missing: