Quebec · CCAA
Report of the Monitor on the state of the Debtor’s affairs and the Amended Plan of Compromise – dated June 15, 2016
Court officer report · 15 June 2016
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What we verified from this filing4 verified
- closing confirmedscope: the Debtor's assets and business · outcome: completed · effective: 2016-05-25 · purchaser: 9721444 Canada Inc. · date basis: stated · approval order date: 2016-05-24
- purchaser9721444 Canada Inc.
- recovery outcomeentries: basis: plan · quote: As shown in the above table, the recovery for Affected Creditors under the Amended Plan is estimated at 1.05%. · pct of: unstated · outcome: distribution · pct low: 1.05 · currency: CAD · pct high: 1.05 · class key: unsecured · stated by: monitor · class label: Affected Creditors · claims amount: 22972453 · interim final: unstated · currency quote: All amounts are stated in Canadian dollars · claims qualifier: estimated; basis: liquidation_alternative · quote: In the event the creditors reject the Amended Plan, the only realistic alternative is bankruptcy, which would result in no recovery to the Affected Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (ii) Second to pay Employee Pre-Filing Priority Claims and Government Priority Claims in full; · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: Employee Pre-Filing Priority Claims and Government Priority Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The only realistic alternative to the Amended Plan is a bankruptcy, which would result in no recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-06-15 · table missing:
- sale outcometext: All assets were sold pursuant to an order of the Court issued on May 24, 2016 · scope: whole_business · status: closed