British Columbia · CCAA
The Third Report of the Monitor
Court officer report · 20 December 2019
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: Energold has concluded that the total amount due to the Noteholders exceeds the value of the Accepted Offers and the estimated range of values that the Applicants have ascribed to the Residual Assets; · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: monitor · class label: Noteholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: all Crown Priority Claims that were outstanding as at the Filing Date shall be paid in full by the Monitor on behalf of the Petitioners, from the Priority Claim Reserve within six months after the Sanction Order, as required by subsection 6(3) of the CCAA; and · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · conditional on: Subject to the Effective Time occurring · claims qualifier: unstated · stated on: 2019-12-18 · table missing: