Alberta · CCAA
2020 Annual Report for Walton Edgemont Development Corporation
Court officer report · 31 May 2021
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, stated in $CAD '000s as 734 · as at: 2020-12-31 · amount: 734000 · currency: CAD
- operational summaryEdgemont is completing its remaining construction obligations at the Woodhaven LDP and collecting trailing cost recoveries under the Cost Sharing Agreement, with the Monitor managing the estate; a first distribution to proven unsecured creditors is expected before the end of 2021.
- professional feesnote: CCAA professional fees incurred during the Reporting Period; separate management fees of $210,000 were paid to WGIL · party: Monitor, Monitor's legal counsel and Edgemont's legal counsel · amount: 34000 · period: January 1, 2020 to December 31, 2020 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Upon release of the final cash-secured letter of credit owing to Edgemont of $4.6 million, which is expected prior to December 31, 2021, the Monitor will undertake a first distribution to fully repay the proven unsecured creditors of Edgemont. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: proven unsecured creditors of Edgemont · claims amount: 3200000 · interim final: interim · conditional on: upon release of the final cash-secured letter of credit of $4.6 million, expected prior to December 31, 2021 · claims qualifier: proven · stated on: 2021-05-31 · table missing:
- report date31 May 2021
- report no2020 Annual Report