Alberta · CCAA
15. Fifteenth Report of the Monitor, filed
Court officer report · 2 March 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- closing confirmedscope: the Rohit Transaction · outcome: completed · effective: 2017-11-23 · purchaser: Rohit Communities Inc. · date basis: stated · approval order date: 2017-11-02; scope: the McConachie Transaction · outcome: completed · effective: 2017-11-23 · purchaser: Anthem Properties Group Ltd. · date basis: stated · approval order date: 2017-11-02; scope: the Henley Transaction · outcome: completed · effective: 2017-11-24 · purchaser: Henley Heights JV Ltd. · date basis: stated · approval order date: 2017-11-20; scope: the Vita Transaction · outcome: completed · effective: 2018-01-31 · purchaser: Strata Vita Crystallina Development Corporation · date basis: stated · approval order date: 2018-01-10
- purchaserCity of Calgary; Rohit Communities Inc.; Anthem Properties Group Ltd.; Henley Heights JV Ltd.; Strata Vita Crystallina Development Corporation; price: sealed: false · scope: WCMI's Book of Business · status: proposed · name note: prospective purchaser of WCMI's Book of Business identified through the WCMI SISP, unnamed · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: The sale the Book of Business is expected to permit WCMI to repay the amount owed to WDM; however, no distribution to WCMI unsecured creditors is expected. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: WCMI unsecured creditors · interim final: unstated · related party: false · claims qualifier: unstated; basis: plan · quote: Affected Creditors of the Plan Applicants, with the exception of Walton CA Highland Falls and Walton AB Southridge, are not expected to be paid in full under the Joint Plan; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Walton CA Highland Falls · creditor name: Walton CA Highland Falls · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Affected Creditors of the Plan Applicants, with the exception of Walton CA Highland Falls and Walton AB Southridge, are not expected to be paid in full under the Joint Plan; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Walton AB Southridge · creditor name: Walton AB Southridge · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Walton Income 10's WIGI Claim Amount under the WIGI Plan combined with the Income 10 Damage Claim is estimated (based upon the mid-point of the low and high recovery scenarios under the WIGI Plan Forecast) to provide Walton Income 10 with a full recovery of the principal outstanding under the Walton Income 10 Notes. · pct of: principal · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Walton Income 10 (Note Holders) · creditor name: Walton Income 10 · interim final: unstated · claims qualifier: unstated · table missing: 151. A summary of the WIGI Plan recoveries and claims of Affected Creditors is set out below:
- sale outcometext: The SISP completed, resulting in multiple sale transactions of Applicant LDP lands and one WIGI asset sale to repay secured debt. · scope: parcel · status: closed
- stalking horsestate: stated