Ontario · CCAA
Tenth Report of the Monitor
Court officer report · 13 May 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The Monitor is of the view that the proposed Stalking Horse Transaction is superior to a bankruptcy as it results in the debt owing to Cortland being paid (or assumed) in full by the Stalking Horse Purchaser. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Cortland · creditor name: Cortland Credit Lending Corporation · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Cortland would likely experience a shortfall in a bankruptcy scenario. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Cortland · creditor name: Cortland Credit Lending Corporation · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Stalking Horse Transaction does not result in any recovery for unsecured creditors or the public shareholders of BZAM, but unsecured creditors would not see a recovery in a bankruptcy either. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · claims amount: 22600000 · interim final: unstated · claims qualifier: listed; basis: liquidation_alternative · quote: The Stalking Horse Transaction does not result in any recovery for unsecured creditors or the public shareholders of BZAM, but unsecured creditors would not see a recovery in a bankruptcy either. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: public shareholders of BZAM · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Stalking Horse Transaction does not result in any recovery for unsecured creditors or the public shareholders of BZAM, but unsecured creditors would not see a recovery in a bankruptcy either. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · claims amount: 22600000 · interim final: unstated · claims qualifier: listed · table missing: