Alberta · CCAA
2020 Annual Report for Walton Vita Crystallina 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, presented in CAD $000's as 461. · as at: 2020-12-31 · amount: 461000 · currency: CAD
- operational summaryThe Vita land development project is complete (all Final Acceptance Certificates received in fall 2019) and the only remaining asset is trailing cost recoveries from the City of Edmonton. The Monitor expects to make a second and final distribution to unsecured creditors in December 2021 and complete the administration during 2021.
- professional feesnote: Approximately $28,000 of CCAA professional fees incurred in the Reporting Period relating to the Monitor's fees in administering the CCAA proceedings. Separately, management fees of approximately $127,000 were paid to WGIL. · party: Ernst & Young Inc. (Monitor) · amount: 28000 · period: January 1, 2020 to December 31, 2020 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The Monitor made an aggregate distribution of $900,000 to Claimants in December 2019, representing approximately 29% of the value of proven claims filed against Vita. · pct of: proven_claims · outcome: distribution · pct low: 29 · pct high: 29 · class key: unsecured · stated by: monitor · amount low: 900000 · cumulative: false · amount high: 900000 · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Estimated recovery to Claimants 1 - 2nd Distribution | 14% · pct of: unstated · outcome: distribution · pct low: 14 · pct high: 14 · class key: unsecured · stated by: monitor · cumulative: false · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Aggregate recovery to Claimants - 1st & 2nd Distribution | 39% · pct of: unstated · outcome: distribution · pct low: 39 · pct high: 39 · class key: unsecured · stated by: monitor · cumulative: true · class label: Claimants (unsecured creditors with proven claims) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: No funds are expected to be available to the limited partners of Walton Vita Crystallina Development Corporation LP. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: limited partners of Walton Vita Crystallina Development Corporation LP · interim final: unstated · claims qualifier: unstated · stated on: 2021-05-31 · table missing:
- report date31 May 2021
- report no2020 Annual Report