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 filing11 verified
- cash on handnote: Closing cash balance for the five week period ended July 10, 2009 was $735,000 higher than projected. · as at: 2009-07-10 · amount: 336000 · currency: CAD · qualifier: approximately
- disbursementsnote: Actual total disbursements for the five week period ended July 10, 2009 were $540,000 lower than projected. · since: June 10, 2009 (Initial Order / CCAA filing date) · amount: 3578000 · currency: CAD
- insolvency professionalBlair F. Davidson
- insolvency professionalBlair F. Davidson
- operational summaryCoppley is negotiating an extension of the closing date with Emerisque for the sale of its Canadian business, while continuing to seek going-concern buyers for the Concord Assets, which remain unsold.
- professional feesnote: Projected professional fees were $912,000 versus actual $590,000, a variance of -35%; figures are in CDN $000's. · party: professionals (cash flow disbursement category, not itemized by professional) · amount: 590000 · period: five week period ended July 10, 2009 · currency: CAD
- purchaserEmerisque; Emerisque
- receipts cumulativenote: Actual A/R collections for the five week period ended July 10, 2009 exceeded projections by $195,000. · since: June 10, 2009 (Initial Order / CCAA filing date) · amount: 2873000 · currency: CAD
- report date22 July 2009
- report noThird Report
- sale outcometext: Emerisque transaction delayed and being renegotiated; Concord Assets sale being pursued with Emerisque after liquidator offers rejected · scope: whole_business · status: pending_approval