Quebec · CCAA
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its Capacity as Monitor
Court officer report · 6 March 2019
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 filing6 verified
- cash on handnote: As of the date of this Fifth Report, funds held by the Monitor referred to as 'Excess Funds' · amount: 313000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total Disbursements for the nine-week period ended February 16, 2019, in $000s scale · since: December 15, 2018 (start of Post-Closing period) · amount: 2394000 · currency: CAD
- operational summarySubstantially all business operations of the Vendors have transitioned to the Purchaser (FNXInnov), with the CCAA Parties no longer collecting accounts receivable and the Monitor focused on completing post-closing assignments, resolving oppositions, and monetizing remaining assets such as tax credits, claims, and a receivable.
- professional feesnote: Figure from Appendix C Post-Closing Cash-Flow table, in $000s scale; actual professional fees disbursed · party: Monitor, Monitor's counsel and Applicants' counsels · amount: 426000 · period: 9-week period ended February 16, 2019 · currency: CAD
- report date6 March 2019
- report noFifth Report