Quebec · CCAA
Trustee’s Objection to Wheeling & Lake Erie Railway Company’s Motion to Enforce Cash Collateral Orders – dated March 5, 2014
Application / notice of application · 5 March 2014
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: actual · quote: With the exception of some employee-related obligations and some relatively minor pre- petition taxes, most pre-petition claims have not received anything in this case. · pct of: unstated · outcome: distribution · stated by: trustee · class label: employee-related obligations and pre-petition taxes · interim final: unstated · claims qualifier: unstated; basis: actual · quote: With the exception of some employee-related obligations and some relatively minor pre- petition taxes, most pre-petition claims have not received anything in this case. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: most pre-petition claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Since the Closing Date, the Trustee has remitted approximately $1.15 million to Wheeling and another $200,000 has been escrowed for Wheeling's benefit. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · amount low: 1150000 · amount high: 1150000 · class label: Wheeling & Lake Erie Railway Company · creditor name: Wheeling & Lake Erie Railway Company · interim final: unstated · claims qualifier: unstated; basis: plan · quote: At best, Wheeling would be entitled to an allowed superpriority claim under 11 U.S.C. § 507(b), a claim that could and would be paid in full under a confirmed plan. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: trustee · class label: Wheeling superpriority claim under 11 U.S.C. § 507(b) · creditor name: Wheeling & Lake Erie Railway Company · interim final: unstated · conditional on: if Wheeling prevails and funds already disbursed cannot be retroactively segregated · claims qualifier: unstated · table missing: