Alberta · CCAA
WDM GP 2021 Annual Report
Court officer report · 31 May 2022
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 (table figures appear to be in thousands: 295); opening balance at Jan 1, 2021 was 415 (i.e. $415,000). · as at: 2021-12-31 · amount: 295000 · currency: CAD
- operational summaryWDM GP no longer has any business, employees or revenue; its remaining assets are management-fee receivables from other Walton Group entities, which the Monitor is collecting and distributing to proven unsecured creditors (a fourth distribution of $1.2 million is planned for June 2022).
- professional feesnote: Combined CCAA professional fees incurred during the Reporting Period; the report does not state whether tax is excluded. · party: WDM GP's legal counsel, the Monitor and the Monitor's legal counsel · amount: 43000 · period: January 1, 2021 to December 31, 2021 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2021, the Monitor on behalf of WDM GP made its second and third distributions to the proven unsecured creditors of WDM GP in the total amount of $2.3 million. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 2300000 · cumulative: false · amount high: 2300000 · class label: proven unsecured creditors · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: unstated · quote: As at the date of this WDM GP 2021 Annual Report, the Monitor on behalf of WDM GP has elected to undertake a fourth distribution to the proven unsecured creditors of WDM GP, in the amount of $1.2 million (the ' Fourth Distribution '). · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 1200000 · cumulative: false · amount high: 1200000 · class label: proven unsecured creditors · interim final: unstated · conditional on: The Fourth Distribution will be processed in June 2022. · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2022-05-31 · table missing:
- report date31 May 2022
- report no2021 Annual Report