Ontario · CCAA
Notice to Creditors February 5, 2007
Notice to creditors · 5 February 2007
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: Pursuant to Article 4.1(a) of the Plan, Affected Creditors with aggregate claims of $5,000 or less, or those who elected to reduce their claims to $5,000, will be paid 25 cents on the dollar within 6 months of the Effective Date, in full and final satisfaction of their claims. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Creditors with aggregate claims of $5,000 or less (Smaller Claims) · interim final: final · cents on dollar: 25 · claims qualifier: unstated; basis: estimated · quote: Based on the VTB running the full term, plus some other potential recoveries, the estimated payout for Larger Claims at this time is expected to range from 15% to 20% on the dollar. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 20 · class key: unsecured · stated by: monitor · class label: Affected Creditors with claims greater than $5,000.00 (Larger Claims) · interim final: unstated · conditional on: Based on the VTB running the full term, plus some other potential recoveries · claims qualifier: unstated · stated on: 2007-02-05 · table missing: