Ontario · CCAA
Sixteenth Report of the Monitor dated June 23, 2017
Court officer report · 23 June 2017
Also filed as: Eighth Report of the Monitor dated June 23, 2017
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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: | (unaudited; $000) Amount Recovery % Admitted unsecured claims 50,478 Total funds available for distribution 42,906 Allocation of recommended Cumberland Distribution Priority Creditors, including Deposits 9,457 100% Other Unsecured Creditors 4,053 100% UCI (re Shareholder Loans) 29,396 79.5% Total recommended Cumberland Distribution 42,906 85.0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 9457000 · amount high: 9457000 · class label: Priority Creditors, including Deposits · interim final: unstated · currency quote: All currency references in this Report are to Canadian dollars, unless otherwise noted. · claims qualifier: unstated; basis: unstated · quote: | (unaudited; $000) Amount Recovery % Admitted unsecured claims 50,478 Total funds available for distribution 42,906 Allocation of recommended Cumberland Distribution Priority Creditors, including Deposits 9,457 100% Other Unsecured Creditors 4,053 100% UCI (re Shareholder Loans) 29,396 79.5% Total recommended Cumberland Distribution 42,906 85.0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 4053000 · amount high: 4053000 · class label: Other Unsecured Creditors · interim final: unstated · currency quote: All currency references in this Report are to Canadian dollars, unless otherwise noted. · claims qualifier: unstated; basis: unstated · quote: | (unaudited; $000) Amount Recovery % Admitted unsecured claims 50,478 Total funds available for distribution 42,906 Allocation of recommended Cumberland Distribution Priority Creditors, including Deposits 9,457 100% Other Unsecured Creditors 4,053 100% UCI (re Shareholder Loans) 29,396 79.5% Total recommended Cumberland Distribution 42,906 85.0% | · pct of: unstated · outcome: distribution · pct low: 79.5 · currency: CAD · pct high: 79.5 · class key: equity · stated by: monitor · amount low: 29396000 · amount high: 29396000 · class label: UCI (re Shareholder Loans) · creditor name: UCI · interim final: unstated · related party: true · currency quote: All currency references in this Report are to Canadian dollars, unless otherwise noted. · claims qualifier: unstated; basis: unstated · quote: The Monitor recommends an interim distribution of $3.075 million to admitted unsecured creditors of the Bay CCAA Entities. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 3075000 · amount high: 3075000 · class label: admitted unsecured creditors of the Bay CCAA Entities · interim final: interim · currency quote: All currency references in this Report are to Canadian dollars, unless otherwise noted. · claims qualifier: unstated; basis: unstated · quote: The secured claim filed by TFCC, while disputed, continues to accrue interest and costs, the final amount of which cannot be determined at this time as the hearing to consider the TFCC claim is scheduled to be heard in September, 2017. · pct of: unstated · outcome: undetermined · class key: secured · stated by: monitor · class label: TFCC secured claim · creditor name: TFCC · interim final: unstated · claims qualifier: unstated · stated on: 2017-06-23 · table missing: