Quebec · CCAA
Fourth Report of the Monitor
Court officer report · 16 March 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- closing confirmedscope: most of the assets of the Applicants · outcome: completed · effective: 2018-03-07 · purchaser: Loxcreen Canada Ltd. · date basis: stated · approval order date: 2018-02-27
- process resultsbids: 3 · note: Six potential bidders contacted for liquidation of Carpet Inventory during week of Feb 26-Mar 2, 2018; three offers received. · as of: 2018-03-02 · solicited: 6 · qualified bids: 3
- purchaserLoxcreen Canada Ltd.; Lanart Rug Inc.
- recovery outcomeentries: basis: unstated · quote: There will be no remaining cash from the Lanart Transaction and the Loxcreen Transaction for a distribution to unsecured creditors of the Applicants. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorLincoln International LLC
- sale outcometext: The Lanart Transaction represents the best available outcome for the stakeholders; Monitor recommends approval · scope: parcel · status: pending_approval