Alberta · CCAA
Bench Brief of the Applicants
Application / notice of application · 22 February 2024
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: estimated · quote: the proposed transaction will generate sufficient funds to pay the Lenders in full · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: court · class label: the Lenders · interim final: unstated · conditional on: under the Kingswood sale · claims qualifier: unstated; basis: estimated · quote: Under the Kingswood sale, estimated recovery to unsecured creditors is between $0.30-50 on the dollar · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors (under the Kingswood sale) · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: in a liquidation, estimated recovery to unsecured creditors is between $0.30-60 on the dollar · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors (in a liquidation) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: 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: