British Columbia · CCAA
Fourth Report of the Monitor filed November 28, 2025
Court officer report · 28 November 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: Actual closing cash per the Variance Analysis for the Monitoring Period (Aug 28, 2025 to Nov 19, 2025), versus a budgeted $650,120. · as at: 2025-11-19 · amount: 119258 · currency: CAD
- disbursementsnote: Actual total disbursements for the Monitoring Period (Aug 28, 2025 to Nov 19, 2025) versus budget of $10,089,772. · since: August 28, 2025 (start of Monitoring Period) · amount: 9786050 · currency: CAD
- operational summaryThe VK Group continues ordinary-course operations across its business units, funding itself solely from operating cash flow without any debtor-in-possession financing, while pursuing BVD financing and preparing a Plan of Arrangement.
- professional feesnote: Budget was $325,000 for the period, resulting in a positive variance of $161,767. · party: VK Group's legal counsel, the Monitor, and the Monitor's legal counsel · amount: 163233 · period: August 28, 2025 to November 19, 2025 · currency: CAD
- receipts cumulativenote: Actual total cash inflows for the Monitoring Period (Aug 28, 2025 to Nov 19, 2025) versus budget of $10,200,000. · since: August 28, 2025 (start of Monitoring Period) · amount: 9395945 · currency: CAD
- report date28 November 2025
- report noFourth Report