Alberta · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 5 February 2024
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 filing8 verified
- secured creditorsnote: Primary secured creditor of the Applicants; TD Bank's indebtedness in respect of 100 Manitoba and Bunzy's is subordinated to RBC and ACU respectively · page: 7 · as of: 2024-01-29 · amount: 12900000 · debtor: CMD Holdings, East Lake, Mayland Heights, Sunridge, CK3L, 219 Alberta, 227 Alberta (TD Borrowers); guaranteed by Arrow, CMD Glass, Royal Vista, Stathko Investments and CKGI (TD Guarantors) · creditor: Toronto-Dominion Bank (TD Bank) · currency: CAD · security: Secured loans; cross-guarantees among TD Borrowers; guarantees from TD Guarantors
- secured creditorsnote: Name suggests possible relation to Stathko Investments Ltd.; document does not confirm relationship · page: 8 · as of: 2024-01-29 · amount: 525000 · creditor: Matthew Stathikos Family Trust et al · currency: CAD
- secured creditorsnote: RBC Loan relates to building where Nick's Repair operates; RBC also holds a separate $60,000 unsecured claim · page: 8 · as of: 2024-01-29 · amount: 268925 · debtor: 10026923 Manitoba Ltd. (100 Manitoba) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: General security agreement and real property mortgage
- secured creditorsnote: ACU Loan relates to building where Bunzy's operates; ACU also holds a separate $60,000 unsecured claim · page: 8 · as of: 2024-01-29 · amount: 515359 · debtor: Bunzy's Auto Body Ltd. · creditor: Access Credit Union (ACU) · currency: CAD · security: General security agreement and real property mortgage
- secured creditorsnote: Individual secured creditors · page: 8 · as of: 2024-01-29 · amount: 100000 · creditor: Garth and Gail White · currency: CAD
- secured creditorsnote: Reported as a combined secured liability figure; components not separately stated · page: 8 · as of: 2024-01-29 · amount: 572917 · creditor: 5993092 Manitoba Ltd. and Rondex · currency: CAD
- secured creditorspage: 8 · as of: 2024-01-29 · amount: 34909 · creditor: 255318 Alberta Ltd. & Don Golden Autobody Ltd. · currency: CAD
- financial positionnote: Aggregate book value of assets and liabilities as reported by the Proposed Monitor; figures are approximate ('approximately $7.2 million' / 'approximately $27.2 million') · page: 9 · as at: 2024-01-29 · basis: book value · scope: consolidated - Collision Kings Group (all Applicants) · currency: CAD · total assets: 7200000 · total liabilities: 27200000