Quebec · CCAA
Fourth Report of the Monitor
Court officer report · 12 March 2025
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 filing4 verified
- operational summaryFollowing the sale of substantially all assets to Hart Stores, Stokes' operations, employees, and leases have largely been maintained by the Purchaser, while Stokes continues to wind down pre-closing obligations, assess creditor claims, and prepare a plan of compromise or arrangement.
- professional feesnote: The professional fees disbursement includes fees paid to professionals involved in the CCAA proceedings such as Osler, McCarthy, EY, FAAN, Davies and Gagnon Brunet Kilani; a $187K positive variance was noted, representing a timing difference expected to reverse. · party: Monitor, Monitor's counsel, Debtor's counsel, and other restructuring professionals (Osler, McCarthy, EY, FAAN, Davies, Gagnon Brunet Kilani) · period: eight (8) weeks ended March 8, 2025 · currency: CAD
- report date12 March 2025
- report noFourth Report