Quebec · Proposal
Notice of Proposal to Creditors – dated May 18, 2011
Notice to creditors · 18 May 2011
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: The EMPLOYEE CLAIMS, if any, shall be paid in full in the normal course of business. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: EMPLOYEE CLAIMS · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The CROWN CLAIMS, if any, will be paid in full within six (6) months of the APPROVAL, without interest. · 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 (6) months of the APPROVAL, without interest · claims qualifier: unstated; basis: plan · quote: The PREFERRED CLAIMS, if any, will be paid in full in priority to all UNSECURED CLAIMS, without interest. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: PREFERRED CLAIMS · interim final: unstated · conditional on: in priority to all UNSECURED CLAIMS, without interest · claims qualifier: unstated; basis: plan · quote: In complete satisfaction and discharge of all UNSECURED CLAIMS, the UNSECURED CREDITORS shall receive a pro rata share of the BASKET AMOUNT, after payment of the PROPOSAL EXPENSES, the SECURED CLAIMS, the EMPLOYEE CLAIMS, the PREFERRED CLAIMS and the CROWN CLAIMS, if any. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: UNSECURED CREDITORS · interim final: unstated · conditional on: pro rata share of the BASKET AMOUNT after payment of proposal expenses, secured, employee, preferred and crown claims; first distribution within 15 days of APPROVAL, second no later than three months from APPROVAL · claims qualifier: unstated · stated on: 2011-05-18 · table missing: