Alberta · CCAA
WAM GP 2021 Annual Reports
Court officer report · 31 May 2022
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
- cash on handnote: Ending cash balance per Exhibit 1.0; figures in the statement appear to be in thousands of dollars (e.g., receipts of 6,718 correspond to the stated approximately $6.7 million collected), so approximately $2.819 million. Opening balance at Jan 1, 2021 was 392 (thousands). · as at: 2021-12-31 · amount: 2819 · currency: CAD
- operational summaryWAM GP has no business or employees and generates no revenue; its remaining assets are management-fee receivables from other Walton Group members, which the Monitor is collecting to fund distributions to proven unsecured creditors.
- professional feesnote: Statement figures appear to be in thousands (approx. $34,000). Fees paid during the Reporting Period, per Exhibit 1.0; tax treatment not stated. · party: WAM GP's legal counsel, the Monitor and the Monitor's legal counsel (CCAA professional fees) · amount: 34 · period: January 1, 2021 to December 31, 2021 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2020, the Monitor on behalf of WAM GP made a first distribution to the proven creditors of WAM GP in the amount of $2.8 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2800000 · cumulative: false · amount high: 2800000 · class label: proven unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: In 2021, a second distribution to the proven unsecured creditors of WAM GP was made in the amount of $3.1 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 3100000 · cumulative: false · amount high: 3100000 · class label: proven unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Later in the Reporting Period, a third distribution to the proven unsecured creditors of WAM GP was completed in the amount of $1.1 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 1100000 · cumulative: false · amount high: 1100000 · class label: proven unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As at the date of this WAM GP 2021 Annual Report, the Monitor on behalf of WAM GP has elected to undertake a fourth distribution to the proven unsecured creditors of WAM GP, in the amount of $2.7 million (the ' Fourth Distribution '). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 2700000 · cumulative: false · amount high: 2700000 · class label: proven unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-05-31 · table missing:
- report date31 May 2022
- report no2021 Annual Report