Ontario · Proposal
Proposal filed March 24, 2021
Proposal document · 24 March 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Professional Fees. Subject to any applicable provisions of the Act, the Professional Fees will be paid in full, as they become due. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Professional Fees · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Crown Priority Claims. All Crown Priority Claims that were outstanding as at the Filing Date, if any, shall be paid in full to Her Majestyin right of Canada or a Cani as i icn s t ance of the Proposal Approval Order. · 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: Superintendent's Levy. The Superintendent's Levy will be paid in full. · pct of: unstated · outcome: paid_in_full · stated by: debtor · class label: Superintendent's Levy · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Employee Priority Claims. Employee Priority Claims will be paid in full. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Employee Priority Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Unsecured Creditors.All other Proven Claims, other than the Intercompany Claim, that are not paid pursuant to (a) through (d)of this Article 2.4 will receive a pari passu distribution of the Unsecured Creditor Pool. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Intercompany Claim. Any remainder of theDistributable Funds after the payments are made for the distributions in (a)through (e), shall be paid to the Sponsor in respect of the Intercompany Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Intercompany Claim · claims amount: 2500000 · creditor name: O.B. Wiik A.S. (the Sponsor) · interim final: unstated · related party: true · conditional on: Paid only from remainder of Distributable Funds after payments in (a) through (e) · claims qualifier: estimated · table missing: