Alberta · CCAA
WDM GP 2022 Annual Report
Court officer report · 31 May 2023
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 presented in thousands); opening balance at January 1, 2022 was 295 (thousand). Administrative Reserve set at $200,000. · as at: 2022-12-31 · amount: 248000 · currency: CAD
- operational summaryWDM GP no longer has any business or employees and generates no revenue; its remaining assets are management-fee receivables from other Walton Group members, which the Monitor is collecting and distributing to proven unsecured creditors.
- professional feesnote: Exhibit 1.0 shows (30) in thousands; tax treatment not stated. Monitor estimated approx. $50,000 per year in CCAA professional fees for reserve purposes. · party: WDM GP's legal counsel, the Monitor and the Monitor's legal counsel (CCAA professional fees) · amount: 30000 · period: January 1, 2022 to December 31, 2022 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2022, the Monitor on behalf of WDM GP made its fourth and fifth distributions to the proven unsecured creditors of WDM GP in the total amount of $1.8 million. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 1800000 · cumulative: false · amount high: 1800000 · class label: proven unsecured creditors · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2023-05-31 · table missing:
- report date31 May 2023
- report no2022 Annual Report