Quebec · CCAA
Report of the Monitor on the State of Petitioner’s Financial Affairs and the Plan of Reorganization and Compromise – dated June 4, 2010
Court officer report · 4 June 2010
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: Each General Affected Unsecured Creditor with a Proven Claim shall receive a cash distribution equal to 100% of the amount of their Proven Claim; and · pct of: proven_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: General Affected Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Each Debentureholder with a Proven Claim shall receive a cash consideration in the amount equal to 33% of the amount of their Proven Claim. · pct of: proven_claims · outcome: distribution · pct low: 33 · pct high: 33 · class key: secured · stated by: monitor · class label: Debentureholders · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: As indicated below, the only realistic alternative to the Plan is Bankruptcy which would in all likelihood result in a significantly reduced distribution to the General Affected Unsecured Creditors and no distribution to the Debentureholders. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: Debentureholders · interim final: unstated · claims qualifier: unstated · stated on: 2010-06-04 · table missing: