Ontario · CCAA
Eleventh Report of the Monitor
Court officer report · 9 November 2020
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: Providing for a distribution of up to 5% of the proven Claim of holders of all other Affected Claims, primarily comprised of amounts owing to: · pct of: proven_claims · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: monitor · amount high: 312500 · class label: holders of all other Affected Claims · claims amount: 6250000 · interim final: unstated · conditional on: subject to an overall cap on aggregate Voting Claims receiving distributions of $6,250,000; pro-rata reduction if Voting Claims exceed that amount · claims qualifier: unstated; basis: plan · quote: In such circumstances, under the Plan, no dividend would be paid in respect of General Unsecured Creditor Claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class · interim final: unstated · conditional on: if the Plan is approved by the Depositor Creditor Class but not the General Unsecured Creditor Class · claims qualifier: unstated · stated on: 2020-11-09 · table missing: