Quebec · CCAA
UEC - FormerXBC Systems USA, LLC (formerly, Xebec Systems USA LLC)
Court officer report · 14 November 2023
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: | Total - Unsecured Creditors | 109 | 28,048,902 | 7.9% | 110 | 30,604,139 | 6.7% | · pct of: unstated · outcome: distribution · pct low: 6.7 · currency: CAD · pct high: 7.9 · class key: unsecured · stated by: monitor · amount low: 2050810 · amount high: 2228478 · class label: Unsecured Creditors · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims between 2,000-10,000 | 21 | 112,596 | 41.9% | 21 | 112,596 | 41.1% | · pct of: unstated · outcome: distribution · pct low: 41.1 · currency: CAD · pct high: 41.9 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 2,000-10,000 · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims between 10,000-25,000 | 19 | 308,993 | 18.7% | 18 | 285,061 | 17.9% | · pct of: unstated · outcome: distribution · pct low: 17.9 · currency: CAD · pct high: 18.7 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 10,000-25,000 · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims between 25,000-50,000 | 14 | 495,162 | 12.5% | 14 | 502,855 | 11.3% | · pct of: unstated · outcome: distribution · pct low: 11.3 · currency: CAD · pct high: 12.5 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 25,000-50,000 · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims between 50,000-100,000 | 13 | 929,609 | 9.9% | 14 | 1,024,709 | 8.6% | · pct of: unstated · outcome: distribution · pct low: 8.6 · currency: CAD · pct high: 9.9 · class key: unsecured · stated by: monitor · class label: Unsecured claims between 50,000-100,000 · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims over 100,000 | 21 | 12,214,779 | 7.6% | 22 | 13,442,817 | 6.4% | · pct of: unstated · outcome: distribution · pct low: 6.4 · currency: CAD · pct high: 7.6 · class key: unsecured · stated by: monitor · class label: Unsecured claims over 100,000 · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claim EDC | 1 | 10,895,750 | 7.3% | 1 | 12,144,088 | 6.1% | · pct of: unstated · outcome: distribution · pct low: 6.1 · currency: CAD · pct high: 7.3 · class key: unsecured · stated by: monitor · class label: Unsecured claim EDC · creditor name: EDC · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: unstated · quote: | Unsecured claims Interco | 2 | 3,073,933 | 7.4% | 2 | 3,073,933 | 6.2% | · pct of: unstated · outcome: distribution · pct low: 6.2 · currency: CAD · pct high: 7.4 · class key: unsecured · stated by: monitor · class label: Unsecured claims Interco · interim final: unstated · currency quote: In CAD · claims qualifier: unstated; basis: liquidation_alternative · quote: distributions to unsecured creditors would likely be marginal, or even nil · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: if the Plan is rejected and the EDC Support Agreement terminated · claims qualifier: unstated · stated on: 2023-11-14 · table missing: The Liquidation Analysis is provided in the table below: