Ontario · CCAA
Seventh Report of the Monitor
Court officer report · 22 January 2026
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 filing10 verified
- cash on handnote: Ending cash balance per the receipts and disbursements table for the 7-week period ended January 10, 2026 (actual column). Separately, the Monitor continues to hold $2,432,100.50 to be utilized as the new DIP Facility. · as at: 2026-01-10 · amount: 382515 · currency: CAD
- closing confirmedscope: the Bolton Property · outcome: completed · effective: 2025-12-11 · purchaser: Newco · date basis: stated · approval order date: 2025-12-03
- operational summaryWWC ceased operations as of December 31, 2025 per the Fourth ARIO and is being wound down; remaining assets (99 trucks and trailers, receivables, IP, Armour-held funds) are being monetized, including via a proposed 202 Ontario credit bid, while the Financial Investigation and BVD/Carrier Claims collection process continue.
- process resultsbids: 5 · solicited: 5
- professional feesnote: Actual restructuring professional fees paid in the period vs. forecast of $412,450; variance partly because certain invoices were paid from remaining Bolton Property sale proceeds. Separately, from the Bolton sale proceeds: professional fees of $387,643.00, forensic investigation fee of $226,000 and SAC refinancing fee of $169,500. Tax treatment not stated. · party: Restructuring professionals (Monitor, counsel, CRO, etc.) — 'Professional Fees - Restructuring' line · amount: 230714 · period: 7-week period November 24, 2025 to January 10, 2026 · currency: CAD
- purchaser202 Ontario; Newco
- recovery outcomeentries: basis: unstated · quote: Daimler holds security over certain Equipment and a guarantee from 202 Ontario for any shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Daimler (secured claim against 202 Ontario, guarantee for shortfall) · creditor name: Daimler Truck Financial Services Canada Corporation · interim final: unstated · conditional on: quantum of the claim against 202 Ontario for any shortfall is to be determined following the sale · claims qualifier: unstated · table missing:
- report date22 January 2026
- report noSeventh Report of the Monitor
- sale outcometext: the CRO and Applicants have conducted the Equipment Sales Process and closed four transactions. The Remaining Equipment is the last of the Equipment available to be sold. · scope: parcel · status: pending_approval