Ontario · CCAA
Twentieth Report of the Monitor dated February 14, 2019
Court officer report · 14 February 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On June 27, 2017, the Court made an order authorizing and directing the Monitor to pay a 33% dividend to creditors with admitted claims against the Bay CCAA Entities. · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · class label: creditors with admitted claims against the Bay CCAA Entities · interim final: unstated · claims qualifier: unstated; basis: actual · quote: All such claims, except for the related party claims, have been paid in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: admitted claims, other than related party claims · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: Scenario A: UCI would receive approximately $7 million through distributions on its unsecured claim, the amounts directed to it by TFCC, the Cumberland Amount and its portion of the Saskin Amount. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 7000000 · amount high: 7000000 · class label: UCI · creditor name: UCI · interim final: unstated · conditional on: Scenario A: approval of the Revised Settlement · claims qualifier: unstated; basis: estimated · quote: No amounts would be available for distribution to DS (Bay). · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: DS (Bay) · creditor name: DS (Bay) · interim final: unstated · conditional on: Scenario A: approval of the Revised Settlement · claims qualifier: unstated; basis: estimated · quote: Scenario B: UCI would receive approximately $6 million, no amounts would be distributed to TFCC, and DS (Bay) would receive approximately $792,000. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 6000000 · amount high: 6000000 · class label: UCI · creditor name: UCI · interim final: unstated · conditional on: Scenario B: the Revised Settlement is not approved and the TFCC Guarantee Claim is disallowed · claims qualifier: unstated; basis: estimated · quote: Scenario B: UCI would receive approximately $6 million, no amounts would be distributed to TFCC, and DS (Bay) would receive approximately $792,000. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: TFCC · creditor name: TFCC · interim final: unstated · conditional on: Scenario B: the Revised Settlement is not approved and the TFCC Guarantee Claim is disallowed · claims qualifier: unstated; basis: estimated · quote: Scenario B: UCI would receive approximately $6 million, no amounts would be distributed to TFCC, and DS (Bay) would receive approximately $792,000. · pct of: unstated · outcome: distribution · class key: equity · stated by: monitor · amount low: 792000 · amount high: 792000 · class label: DS (Bay) · creditor name: DS (Bay) · interim final: unstated · conditional on: Scenario B: the Revised Settlement is not approved and the TFCC Guarantee Claim is disallowed · claims qualifier: unstated; basis: estimated · quote: Scenario C: TFCC would receive approximately $6 million. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 6000000 · amount high: 6000000 · class label: TFCC · creditor name: TFCC · interim final: unstated · conditional on: Scenario C: the TFCC Guarantee Claim is admitted in full but not assigned to UCI · claims qualifier: unstated; basis: estimated · quote: UCI would receive a small distribution on its unsecured claim and no amounts would be distributed to DS (Bay). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: UCI · creditor name: UCI · interim final: unstated · conditional on: Scenario C: the TFCC Guarantee Claim is admitted in full but not assigned to UCI · claims qualifier: unstated; basis: estimated · quote: UCI would receive a small distribution on its unsecured claim and no amounts would be distributed to DS (Bay). · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: DS (Bay) · creditor name: DS (Bay) · interim final: unstated · conditional on: Scenario C: the TFCC Guarantee Claim is admitted in full but not assigned to UCI · claims qualifier: unstated · stated on: 2019-02-14 · table missing: