Ontario · CCAA

Second Report of the Monitor

Court officer report · 8 July 2015

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: liquidation_alternative · quote: While creditors owed Excluded Liabilities, including the Second Lien Lenders and the Terminated Former Employees, will receive no recovery on the amounts owing if the FLL Transaction is completed, in the Monitor's view there is no reasonable prospect of any alternative solution that would provide a recovery for those creditors, all of whom rank subordinate to the First Lien Lenders. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: Second Lien Lenders and Terminated Former Employees (Excluded Liabilities creditors) · interim final: unstated · conditional on: if the FLL Transaction is completed · claims qualifier: unstated · stated on: 2015-07-08 · table missing: