Alberta · CCAA
Bench Brief of the Applicants
Application / notice of application · 22 February 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: Under the Kingswood sale, estimated recovery to unsecured creditors is between $0.30-50 on the dollar; in a liquidation, estimated recovery to unsecured creditors is between $0.30-60 on the dollar. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 50 · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: Kingswood sale · claims qualifier: unstated; basis: liquidation_alternative · quote: Under the Kingswood sale, estimated recovery to unsecured creditors is between $0.30-50 on the dollar; in a liquidation, estimated recovery to unsecured creditors is between $0.30-60 on the dollar. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 60 · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: As I discuss above, this sale will garner some net proceeds for the unsecured creditors, leaving no recovery for MEC's members. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: MEC's members · interim final: unstated · claims qualifier: unstated · table missing: