Quebec · CCAA
Motion for Determinations and Directions – dated March 19, 2021
Application / notice of application · 19 March 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Creditors having Wrongful Death Claims shall, in the aggregate, receive 24.1% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties […] in accordance with the mechanism set forth in Schedule E hereto. · pct of: proven_claims · outcome: distribution · pct low: 24.1 · pct high: 24.1 · class key: unsecured · stated by: monitor · class label: Creditors having Wrongful Death Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Bodily Injury and Moral Damages Claims shall, in the aggregate, receive 10.4% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties […] in accordance with the mechanism set forth in Schedule F hereto. · pct of: proven_claims · outcome: distribution · pct low: 10.4 · pct high: 10.4 · class key: unsecured · stated by: monitor · class label: Creditors having Bodily Injury and Moral Damages Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Property and Economic Damages Claims shall, in the aggregate, receive 9.0% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties […] in accordance with the mechanism set forth in Schedule G hereto. · pct of: proven_claims · outcome: distribution · pct low: 9 · pct high: 9 · class key: unsecured · stated by: monitor · class label: Creditors having Property and Economic Damages Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Subrogated Insurer Claims shall, in the aggregate, receive 4.1% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. […] · pct of: proven_claims · outcome: distribution · pct low: 4.1 · pct high: 4.1 · class key: unsecured · stated by: monitor · class label: Creditors having Subrogated Insurer Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors having Government Claims shall, in the aggregate, receive 52.4% of the Funds for Distribution in full and final satisfaction of their Proven Claims as against the Released Parties. · pct of: proven_claims · outcome: distribution · pct low: 52.4 · pct high: 52.4 · class key: unsecured · stated by: monitor · class label: Creditors having Government Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Province decided it would redistribute that portion of its distribution which would be in excess of the distribution the Province would have received based on a claim of $325M, using the same recovery rate as the rate generated under the terms of the Plan on its claim of $409M, namely 46.9% ($192M/$409M); · pct of: unstated · outcome: distribution · pct low: 46.9 · currency: CAD · pct high: 46.9 · class key: unsecured · stated by: monitor · class label: Province (Government Claim) · creditor name: Province of Quebec · interim final: unstated · currency quote: CAD$409,313,000 · claims qualifier: unstated; basis: plan · quote: As an example, if the Province's Proven Claim is determined to be the amount of $325M, the Province would be entitled to a distribution of $187,310,814 which would represent a recovery rate of 57.7%. · pct of: proven_claims · outcome: distribution · pct low: 57.7 · pct high: 57.7 · class key: unsecured · stated by: monitor · amount low: 187310814 · amount high: 187310814 · class label: Province (Proven Claim of $325M) · claims amount: 325000000 · creditor name: Province of Quebec · interim final: unstated · conditional on: if the Province's Proven Claim is determined to be $325M · claims qualifier: estimated; basis: actual · quote: The Province has been paid an interim distribution of $93,446,295 on its claim of $409M. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 93446295 · amount high: 93446295 · class label: Province (interim distribution on $409M claim) · claims amount: 409000000 · creditor name: Province of Quebec · interim final: interim · claims qualifier: estimated · table missing: