Quebec · CCAA
03 Third Report of the Monitor, dated January 23, 2025
Court officer report · 23 January 2025
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 filing7 verified
- cash on handnote: Stated in CA$000s; ending cash balance as at January 10, 2025 vs projected $2,321k · as at: 2025-01-10 · amount: 4506000 · currency: CAD
- disbursementsnote: Cumulative fifteen-week period actual total cash outflows from October 1, 2024, to January 10, 2025 (CA$000s) · since: October 1, 2024 · amount: -17851000 · currency: CAD
- operational summaryThe Applicants continued normal business operations under CCAA protection while conducting a robust SISP that culminated in a signed Share Purchase Agreement with a Successful Bidder; the proceedings are structured as a liquidating CCAA leading to a reverse vesting order and eventual wind-down/bankruptcy of the Residual Entities.
- receipts cumulativenote: Cumulative fifteen-week period actual total cash inflows from October 1, 2024, to January 10, 2025 (CA$000s) · since: October 1, 2024 · amount: 16598000 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: As such, the Monitor does not believe that there will be any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date23 January 2025
- report noThird Report of the Monitor