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2015-01-21_GENERAL DOCUMENTS - X201123201 (2)
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2015-01-21_GENERAL DOCUMENTS - X201123201 (2)
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Last modified
8/24/2016 5:56:44 PM
Creation date
1/23/2015 12:59:54 PM
Metadata
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Template:
DRMS Permit Index
Permit No
X201123201
IBM Index Class Name
General Documents
Doc Date
1/21/2015
Doc Name
Notice of Filing of Report of the Monitor in the Canadian Proceeding
From
US Bankruptcy Court
To
DRMS
Permit Index Doc Type
General Correspondence
Email Name
JDM
DIH
Media Type
D
Archive
No
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-12- <br />32. No Claims Packages were required to be sent to the Secured Noteholders and <br />neither the Secured Noteholders nor the Trustee was required to file Proofs of Claim in respect of <br />Claims pertaining to the Secured Notes. Pursuant to the Claims Procedure Order, the aggregate <br />of all amounts owing directly by Cline in respect of the Secured Notes up to the Filing Date were <br />determined by the Applicants in accordance with the Indentures governing the Secured Notes, <br />with the consent of Marret, and were referenced in the Plan. <br />33. Pursuant to the Claims Procedure Order, the Monitor also provided Claims <br />Packages to the Class Action Counsel (as defined in the Claims Procedure Order) with respect to <br />the WARN Act Class Action (as defined in the Claims Procedure Order). <br />34. Among other things, the Claims Procedure Order established 5:00 p.m. on <br />January 13, 2015 as the Claims Bar Date and seven calendar days after the termination, <br />repudiation or resiliation of an applicable agreement or other event giving rise to a Restructuring <br />Period Claim as the Restructuring Period Claims Bar Date (as defined in the Claims Procedure <br />Order). <br />Review of Status of Claims Procedure for Unsecured Creditors <br />35. The Monitor received 4 Notices of Dispute of Claim (as defined in the Claims <br />Procedure Order) from Known Creditors, one of which has been subsequently resolved. The <br />Applicants will continue to be engaged in discussions with Known Creditors in order to attempt <br />to resolve the remaining disputes. <br />36. The Monitor received a Proof of Claim with respect to the WARN Act Claims on <br />January 13, 2015. The Applicants, with the assistance of the Monitor, continue to be engaged in <br />discussions with the counsel to the WARN Act Plaintiffs in order to resolve their claim. <br />
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