Quebec · Proposal
Proposal • June 25, 2004
Proposal document · 25 June 2004
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: The Secured Claims and secured claims resulting from the Interim Financing shall be paid in accordance with the contracts entered into with the secured creditors, or according to agreements to be entered into with them. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Claims shall be paid in full in the normal course of business of the Corporation. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Such amount shall be used firstly to pay the Preferred Claims, then to pay, at the option of the creditor: (i) the lesser of the Proven Claim or the first one thousand five hundred dollars ($1,500) of the Unsecured Claims; or (ii) a pro rata and pari passu share of the balance of the Initial Distribution for the Proven claims of the other creditors in such class, without interest or penalty. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Unsecured Claims · interim final: unstated · conditional on: 100% of the first $1,500 of the Unsecured Claim (or Proven Claim if less); pro rata and pari passu share of the balance of the Initial Distribution thereafter · claims qualifier: unstated; basis: plan · quote: The Corporation shall pay in full the Proposal Costs in the normal course of business, in priority to the Unsecured Claims and Preferred Claims; · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Proposal Costs · interim final: unstated · claims qualifier: unstated · table missing: