Quebec · CCAA
ACS - Package of documents
Notice to creditors · 14 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: If the amount of your Proven Claim is equal or inferior to $2,000 (and thus paid in full pursuant to the terms of the Plan), you are deemed to vote in favor of the Plan and therefore no action is required, unless you wish to nevertheless vote against the Plan. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 2000 · amount high: 2000 · class label: Affected Creditors with Proven Claims (Convenience Creditors, Proven Claim ≤ $2,000) · interim final: unstated · conditional on: Proven Claim equal or inferior to $2,000 · claims qualifier: unstated; basis: plan · quote: All Persons holding Equity Claims shall not be entitled to vote or attend the Creditors' Meeting, and shall not receive a distribution under the Plan or otherwise receive anything in respect of their shares. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Excluded Claims will remain in full force and effect in accordance with their terms after the Plan Implementation Date, and will be paid in full in the normal course of business as and when they become due. · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: Excluded Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Post-Filing Claims will be paid in full in the normal course of its business as and when they become due. · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: Post-Filing Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Crown Priority Claims described in Section 6(3) of the CCAA, if any, will be paid in full within 6 months immediately following the Sanction Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated · table missing: In an effort to summarize the relevant information for the Affected Creditors, the Monitor has prepared the following table which shows the estimated ranges of recovery for the Affected Creditors with Proven Claims of ACS, according to information available as at November 13, 2023:; The Liquidation Analysis is provided in the table below: