Alberta · CCAA
Amended CCAA Plan, January 5, 2022
Plan of arrangement / compromise · 5 January 2022
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: General Unsecured Creditors with Accepted Claims on the Initial Distribution Record Date equal to or less than $15,000 shall be deemed to have made a Convenience Class Distribution Election and to have elected to and shall receive the Convenience Class Distribution Election Amount in respect of their Accepted Claim in accordance with the Plan; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 15000 · amount high: 15000 · class label: General Unsecured Creditors with Accepted Claims equal to or less than $15,000 (Convenience Class) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: ' 75% Distribution Election Amount ' means, in respect of any Accepted Claim of a General Unsecured Creditor for which a valid Distribution Election has been made or has been deemed to have been made in accordance with this Plan, 75% of the amount of such Accepted Claim, payable in cash on the Initial Distribution Date; · pct of: unstated · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: debtor · class label: General Unsecured Creditor with an Accepted Claim (75% Distribution Election) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 50% of the undersigned's Accepted Claim payable in cash on the Initial Distribution Date; · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: General Unsecured Creditor with an Accepted Claim (Installment Distribution Election) · interim final: unstated · conditional on: 50% payable in cash on the Initial Distribution Date; 25% payable on the First Anniversary Distribution Date subject to the First Anniversary Condition or CTC ARCA repayment; 25% payable on the Second Anniversary Distribution Date subject to the Second Anniversary Condition or CTC ARCA repayment · claims qualifier: unstated; basis: plan · quote: On or as soon as practicable following the Effective Date, the Monitor shall pay in full, on behalf of Coalspur, all Crown Priority Claims, if any, that were outstanding at the Filing Date or related to the period ending on the Filing Date, to the Crown, from the Plan Implementation Fund. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Effective Date, all outstanding obligations, liabilities, fees and disbursements secured by the Administration Charge which are evidenced by invoices as at the Effective Date shall be fully paid by the Monitor, on behalf of Coalspur, from the Plan Implementation Fund. · pct of: unstated · outcome: paid_in_full · class key: court_charges · stated by: debtor · class label: Administration Charge · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Equity Claims shall not be entitled to attend or vote in respect of their Equity Claims at any Creditors' Meeting and shall not receive any distribution under this Plan on account of their Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Holders of Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2021-11-29 · table missing: