A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Existing Equity Holders and holders of Equity Claims shall not be entitled to vote in respect of their Existing Equity and/or Equity Claims at the Creditors' Meeting and shall not receive any distribution under this Proposal on account of their Existing Equity or Equity Claims, but this does not include the claims of the Shareholder Loan Creditors. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Existing Equity Holders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: For greater certainty, the Shareholder Loan Creditors shall not receive any distribution under this Proposal but shall be entitled to vote on the Proposal. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Shareholder Loan Creditors · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: Crown Priority Claims : All Crown Priority Claims that were outstanding as at the Filing Date, if any, shall be paid in full to Her Majesty in right of Canada or a Canadian province or territory, as applicable, within three months after the issuance of the Approval Order; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Priority Claims: All Employee Priority Claims, if any, will be paid in full in amounts determined by the Trustee pursuant to Section 135 of the Act; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Convenience Class Claims: Each Convenience Class Creditor, including, for clarity, any Affected Creditor with a Proven Claim that submits a Convenience Class Election Form, will be paid by the Trustee an amount in cash, from the Proposal Consideration, equal to the lesser of (a) $3,000; or (b) the value of such Convenience Class Creditor's Proven Claim; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 3000 · amount high: 3000 · class label: Convenience Class Creditors · interim final: unstated · conditional on: lesser of $3,000 or the value of the Convenience Class Creditor's Proven Claim · claims qualifier: unstated; basis: plan · quote: Ordinary Creditors : Each Ordinary Creditor shall receive its Pro Rata Share of the Proposal Consideration less the aggregate dollar amount of all Convenience Class Claims and Preferred Claims, pursuant to and in accordance with the mechanics provided in Article 5. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Ordinary Creditors · interim final: unstated · claims qualifier: unstated · table missing: