Ontario · NOI
Order Approving Proposal
Plan sanction / final order · 6 October 2015
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 filing3 verified
- counselLoopstra Nixon LLP
- presiding officerRegistrar Mastey Jean
- recovery outcomeentries: basis: plan · quote: Proven Preferred Claims, other than Employee Preferred Claims (which shall be satisfied pursuant to Paragraph 11 of this Proposal), shall be paid in full, without interest, in priority to Proven Unsecured Claims. · pct of: proven_claims · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Preferred Creditors, other than Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As per Part V of this Proposal, All Employee Preferred Claims will be paid in priority to other Claims immediately after the issuance of the Approval Order. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the balance of the Funded Proposal Payments shall be distributed pro rata among all of (i) the Unsecured Creditors on account of Proven Unsecured Claims and (ii) the Secured Creditors on account of Proven Deficiency Claims, without regard to whether the Claims are the Claims of Secured Creditors or Unsecured Creditors. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors and Secured Creditors on account of Proven Deficiency Claims · interim final: unstated · conditional on: The Funded Proposal Payments will be made until an amount is paid to the Trustee equal to the lesser of 50% of the value of the Proven Claims and $160,000, distributed pro rata among Unsecured Creditors and Secured Creditors on account of Proven Deficiency Claims. · claims qualifier: unstated · table missing: