Ontario · CCAA
Fourth Report dated January 16, 2007
Court officer report · 16 January 2007
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 summaryCantar has sold its Pool Equipment and Above Ground Pool divisions and its Toronto property, paid down the LaSalle Minimum Amount in full by November 17, 2006, and is winding down while collecting remaining receivables; the creditors approved the Plan at the January 12 meeting and the Monitor recommends sanction and a stay extension.
- recovery outcomeentries: basis: plan · quote: Pursuant to Article 4.1(a) of the Plan, Affected Creditors with aggregate Claims of $5,000 or less are paid 25 cents on the dollar. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · class label: Affected Creditors with aggregate Claims of $5,000 or less (and elections to reduce to $5,000) · interim final: unstated · cents on dollar: 25 · claims qualifier: unstated; basis: estimated · quote: million/$9.7 million = 16.5% to $2.0 million/$9.7 million = 20.6%. ). · pct of: unstated · outcome: distribution · pct low: 16.5 · pct high: 20.6 · class key: unsecured · stated by: monitor · class label: Affected Creditors with Affected Claims greater than $5,000 (larger claims / Article 4.1(b)) · claims amount: 9700000 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: Accordingly, Affected Creditors will have a meaningful recovery of up to 15% to 20% on the dollar under the Plan. · pct of: unstated · outcome: distribution · pct low: 15 · pct high: 20 · class key: unsecured · stated by: monitor · class label: Affected Creditors · interim final: unstated · cents on dollar: 15 · claims qualifier: unstated · table missing:
- report date16 January 2007
- report noFourth Report of the Monitor