Ontario · CCAA
Fifty-Third Report of the Monitor - Part 1, dated December 14, 2021
Court officer report · 14 December 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: Land Vehicle (Legacy Lands) ending cash per the cash flow actuals; the table's final column shows 2,943,552 while the October column reads $2,485,508, so the October 31, 2021 date is inferred from the table title 'Cash Flow Actuals to October 31, 2021'. Forecast ending cash at December 2022 is $3,957,002. · as at: 2021-10-31 · amount: 2943552 · currency: CAD
- disbursementsnote: Total Disbursements column total in the Land Vehicle cash flow actuals, shown as a negative figure ($23,137,303). · since: December 2020 (start of the actuals table through October 31, 2021) · amount: 23137303 · currency: CAD
- operational summaryThe Monitor, acting as Interim Land Restructuring Officer, continues to market and sell the Land Vehicle's remaining land (thirteen of twenty-one remaining sites sold; the large Residual Farm Land Transaction is pending closing) and seeks approval of a budget through December 2022, a $5 million cost reserve, discharge of the Province Loan, and distribution of net proceeds to the Stelco pension plans via the PDFT.
- receipts cumulativenote: Total Receipts column total in the Land Vehicle cash flow actuals; includes sale of Land Vehicle lands of $25,506,309. · since: December 2020 (start of the actuals table through October 31, 2021) · amount: 26311043 · currency: CAD
- report date14 December 2021
- report noFifty-Third Report