Alberta · CCAA
Third Report of the Monitor dated March 11, 2025
Court officer report · 11 March 2025
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: plan · quote: the Creditor Cash Pool available to Affected Claims, which are estimated to be $1.4 million (being 55 cents on the dollar value of remaining Affected Claims, after accounting for the full payment being made for the Stoke Claim and Convenience Class Creditors). · pct of: unstated · outcome: distribution · pct low: 55 · pct high: 55 · class key: unsecured · stated by: monitor · amount low: 1400000 · amount high: 1400000 · class label: Affected Creditors · interim final: unstated · cents on dollar: 55 · claims qualifier: unstated; basis: liquidation_alternative · quote: | Cash Distribution (%) | (e) | 55% | 48% 11 | · pct of: unstated · outcome: distribution · pct low: 48 · pct high: 48 · class key: unsecured · stated by: monitor · class label: Affected Creditors (Unsecured) in the Sale Scenario · interim final: unstated · conditional on: Sale Scenario does not include professional fees in a liquidation proceeding, which would lower the projected return · claims qualifier: unstated; basis: liquidation_alternative · quote: a return to the unsecured creditors of 420 Investments is not anticipated in the Sale Scenario. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors of 420 Investments · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Payment in full for the Stoke Claim. Includes an estimate of interest accrued through to the Plan Implementation Date. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · amount low: 390000 · amount high: 390000 · class label: Secured Creditor (Stoke) · creditor name: Stoke · interim final: unstated · claims qualifier: unstated · stated on: 2025-03-11 · table missing: