Quebec · CCAA
Ninth Report of the Designated Monitor on the State of the Debtors’ Financial Affairs
Court officer report · 15 December 2005
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 filing10 verified
- cash on handnote: Held on deposit in the Monitor's trust account. · as at: 2005-12-13 · amount: 14875000 · currency: CAD
- closing confirmedscope: its assets · outcome: completed · effective: 2005-09-15 · purchaser: Eaux Vives Water Bottling Corp. · date basis: stated · approval order date: 2005-07-29
- disbursementsnote: Total actual disbursements across EVH accounts ($4,057K) and RSM In Trust account ($4,358K). · since: March 19, 2004 (Initial Order) to December 13, 2005 · amount: 8415000 · currency: CAD
- operational summaryThe Debtors' assets were sold to EVWB on September 15, 2005 and the DIP loan repaid; they have no commercial activities or remaining assets other than GST/QST credits, and remaining expenses relate to finalizing the Plan of Arrangement and filing tax returns.
- professional feesnote: Total professional fees disbursed per the statement of receipts and disbursements (in $'000: 2,530). Richter's own fees were $822,000; Davies Ward Phillips & Vineberg $1,170,000; Scotia Capital $390,000; others $148,000. Tax treatment not stated. · party: All professionals combined (Davies Ward Phillips & Vineberg, Scotia Capital, Richter, others) · amount: 2530000 · period: March 19, 2004 to December 13, 2005 · currency: CAD
- purchaserEaux Vives Water Bottling Corp.
- receipts cumulativenote: Total actual receipts across EVH accounts ($3,900K) and RSM In Trust account ($19,233K); includes $18,000K sale of assets. · since: March 19, 2004 (Initial Order) to December 13, 2005 · amount: 23133000 · currency: CAD
- report date15 December 2005
- report noNINTH REPORT OF THE DESIGNATED MONITOR ON THE STATE OF DEBTORS' FINANCIAL AFFAIRS
- sale outcometext: sale to EVWB authorized and completed · scope: whole_business · status: closed