Ontario · CCAA
Motion Record (Distribution and Stay Extension)
Application / notice of application · 25 October 2026
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
- secured creditorsnote: FLOOR: Intact advised it has paid 'in excess of $8 million' under its bonds, which amount is secured by the security; the amount is stated as a minimum, not an exact balance. The HWT Cash Pool (approx. $2.51M) is insufficient to satisfy this claim in full. Intact separately holds the admitted Intact Subrogated Lien Claim (approx. $5.4M), which participates pari passu in the LRO Cash Pool and is distinct from this secured indemnity claim. · page: 9 · amount: 8000000 · debtor: QM Group entities party to the General Application and Indemnity Agreement, including TWT LP · creditor: Intact Insurance Company (Intact Secured Indemnity Claim) · currency: CAD · security: Security interest in all present and after-acquired property granted under the General Application and Indemnity Agreement dated May 3, 2024 (Ontario security opinion: valid, subject to customary assumptions and qualifications). Monitor treats Intact as the apparent priority general secured creditor of TWT LP.
- secured creditorsnote: Admitted by the Monitor; stated as approx. $5.4M in text and $5,372 (CAD $000s) in the status table. The corresponding original supplier Lien Claims were revised downward to avoid duplication. Participates pari passu, pro rata in the LRO Cash Pool. · page: 27 · as of: October 25, 2026 (Sixth Report) · amount: 5372000 · debtor: QM Group (Continuing QM Projects) · creditor: Intact Insurance Company (Intact Subrogated Lien Claim) · currency: CAD · security: Statutory lien rights under Provincial Lien Legislation, subrogated to original supplier Lien Claimants for amounts paid under Intact bonds on 15 Continuing QM Projects (payments to approx. 87 claimants).
- secured creditorsnote: 87 Lien Claims admitted as filed. Aggregate of all admitted Lien Claims (Proven Lien Claims) is stated as 18,380 (CAD $000s) across 130 claims, estimated range approx. $18.4M-$19.0M. · page: 27 · as of: October 25, 2026 (Sixth Report) · amount: 11027000 · debtor: QM Group (Continuing QM Projects) · creditor: Admitted Lien Claims (accepted as filed) - Asserting Lien Claimants · currency: CAD · security: Construction liens under Provincial Lien Legislation, with potential statutory deemed trust over LRO Cash Pool.
- secured creditorsnote: 28 Lien Claims accepted as revised (including via resolution of 14 Notices of Dispute). Total Lien Claims as filed were approx. $43.2M across 263 Lien Notices. · page: 27 · as of: October 25, 2026 (Sixth Report) · amount: 1981000 · debtor: QM Group (Continuing QM Projects) · creditor: Lien Claims revised via NORD / resolved disputes - Asserting Lien Claimants · currency: CAD · security: Construction liens under Provincial Lien Legislation.
- secured creditorsnote: NOT admitted; remain subject to the Monitor's ongoing review at the amount as filed. Not part of Proven Lien Claims unless and until admitted. · page: 28 · as of: October 25, 2026 (Sixth Report) · amount: 607000 · debtor: QM Group (Continuing QM Projects) · creditor: Unresolved Lien Claims (5 claims, as filed) · currency: CAD · security: Asserted construction liens under Provincial Lien Legislation.
- recovery outcomeentries: basis: estimated · quote: | Illustrative Recoveries Analysis (LRO Cash Pool) 7 (CAD $000s) Estimated LRO Cash Pool Available for Distribution 1,904 Low Recovery: Proven Lien Claims and Unresolved Lien Claims as Filed 18,860 Illustrative Low Recovery 10.1% High Recovery: Proven Lien Claims as Currently Admitted 18,253 Illustrative High Recovery 10.4% | · pct of: unstated · outcome: distribution · pct low: 10.1 · currency: CAD · pct high: 10.1 · class key: secured · stated by: monitor · amount low: 1904000 · amount high: 1904000 · class label: holders of Proven Lien Claims (LRO Cash Pool) - low recovery · claims amount: 18860000 · interim final: unstated · conditional on: illustrative only; subject to Court approval of the methodology, the Monitor's determination of Unresolved Lien Claims, and the final Administrative Reserve · currency quote: (CAD $000s) · claims qualifier: unstated; basis: estimated · quote: | Illustrative Recoveries Analysis (LRO Cash Pool) 7 (CAD $000s) Estimated LRO Cash Pool Available for Distribution 1,904 Low Recovery: Proven Lien Claims and Unresolved Lien Claims as Filed 18,860 Illustrative Low Recovery 10.1% High Recovery: Proven Lien Claims as Currently Admitted 18,253 Illustrative High Recovery 10.4% | · pct of: unstated · outcome: distribution · pct low: 10.4 · currency: CAD · pct high: 10.4 · class key: secured · stated by: monitor · amount low: 1904000 · amount high: 1904000 · class label: holders of Proven Lien Claims (LRO Cash Pool) - high recovery · claims amount: 18253000 · interim final: unstated · conditional on: illustrative only; subject to Court approval of the methodology, the Monitor's determination of Unresolved Lien Claims, and the final Administrative Reserve · currency quote: (CAD $000s) · claims qualifier: unstated · stated on: 2026-10-25 · table missing: