British Columbia · CCAA
Trustee's Report on the Joint Proposal - 12/19/2016
Court officer report · 19 December 2016
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: unstated · quote: As at the date of this report, there are no Priority Claims that have been allowed that would be paid pursuant to terms of the Joint Proposal. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: Priority Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: If the claim of the 1974 Pension Plan is found not to be a provable claim, it is anticipated that all creditors of Walter Canada will be paid in full (other than the creditor who is owed unpaid interest on the Promissory Note). · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: creditors of Walter Canada (other than the creditor owed unpaid interest on the Promissory Note) · interim final: unstated · conditional on: if the claim of the 1974 Pension Plan is found not to be a provable claim · claims qualifier: unstated · stated on: 2016-12-19 · table missing: Provided in the table on the following page is a comparison of the preliminary estimate (on a consolidated basis and for illustrative purposes only) of the potential recovery to Affected Claimants if the Amacon Transaction under the Proposal is completed (with an eventual distribution by the New Walter Group) as compared with the potential recovery if a sale of the Remaining Assets were to occur in bankruptcy.