Quebec · CCAA
Thirty-Fourth Report of the Monitor – dated June 8, 2021
Court officer report · 8 June 2021
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 filing5 verified
- cash on handnote: Funds held by the Monitor: $98.5 million balance not yet distributed to the Province plus $16.1 million of Undistributed Funds (of which $7.2 million is the unused litigation reserve and $8.9 million is interest earned). No as-at date is stated; the figure is given as of the date of the report. · amount: 114600000 · currency: CAD · qualifier: approximately
- operational summaryThe CCAA proceedings are in the final administration phase: the Monitor is holding funds for distribution, the Province's distribution is the subject of a Court order under appeal, and the Monitor is monitoring the Chapter 11 Carmack and CP litigation. It seeks a stay extension to December 17, 2021.
- professional feesnote: Total including sales taxes. Fees and disbursements before taxes are $312,834 (Richter $185,016; Woods $100,331; Gowling WLG $27,488); sales taxes $46,847. Fees are for approval in the Twenty-Fourth Extension and Fee Motion, which also seeks a $500,000 plus taxes increase to the Administration Charge. Monitor and its counsel also hold a $150,000 retainer to be applied to final invoices. · party: Canadian Professionals (Richter as Monitor, Woods, Gowling WLG) · amount: 359681 · period: December 1, 2020 to May 31, 2021 · currency: CAD
- report date8 June 2021
- report noThirty-Fourth Report of the Monitor