Alberta · CCAA
Seventh Report of the Monitor
Court officer report · 30 September 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Mantle APA will result in a shortfall to ATB and Fiera and there will be no proceeds available to pay any of the indebtedness, liabilities or obligations to unsecured creditors of JMB and 216 and they are therefore unaffected by the Plan (the ' Unaffected Creditors '). · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: ATB and Fiera (secured creditors) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Mantle APA will result in a shortfall to ATB and Fiera and there will be no proceeds available to pay any of the indebtedness, liabilities or obligations to unsecured creditors of JMB and 216 and they are therefore unaffected by the Plan (the ' Unaffected Creditors '). · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors of JMB and 216 (Unaffected Creditors) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Plan contemplates that the shares of JMB have no value and that the existing shareholders are therefore also unaffected by the Plan (the ' Existing Shareholder s'). · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Existing Shareholders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As discussed above, both ATB and Fiera are expected to recover amounts significantly less than their secured debts under the above noted transactions, accordingly there will be no recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2020-09-30 · table missing: