Quebec · CCAA
Plan of Compromise and Arrangement
Plan of arrangement / compromise · 30 June 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: each Convenience Class Creditor, including Affected Creditors who have elected to form part of the 'Convenience Class' pursuant to Article 3.3 above, shall receive an amount equal to the lesser of (A) $1,500, or (B) the amount of its Convenience Class Claim; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Convenience Class Creditor · interim final: unstated · conditional on: 100% of the lesser of $1,500 or its Convenience Class Claim; not entitled to further pro rata distribution · claims qualifier: unstated; basis: plan · quote: an amount equal to the difference between (A) $1 Million, and (B) the aggregate amount to be distributed by the Monitor pursuant to Section 3.4(a)(i) above, shall be distributed by the Monitor to the Affected Creditors on a pro rata basis, according to the amounts of their respective Proven Claims. · pct of: proven_claims · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unaffected Creditors will not receive any consideration or distributions under the Plan in respect of their Unaffected Claims, and they shall not be entitled to vote on the Plan at the Creditors' Meeting in respect of their Unaffected Claims. · pct of: unstated · outcome: nil · stated by: debtor · class label: Unaffected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Employee Priority Claims, if any, will be paid in such amounts as required under the CCAA as soon as possible after the Sanction Date. · 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: 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 by the Applicant in the normal course of its business as and when they become due. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Excluded Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Post-Filing Trade Payables will be paid in full by the Applicant in the normal course of its business and as and when they become due. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Post-Filing Trade Payables · 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 by the Applicant within 6 months immediately following the Sanction Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated · table missing: