Alberta · CCAA
Fourth Report of the Monitor, dated September 4, 2020
Court officer report · 4 September 2020
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 summaryThe Company's operations continue as expected and within forecast cash flows, with no material or adverse changes since the Third Report; the focus is on finalizing the KEG Settlement and preparing for the September 15, 2020 Creditor Meeting to obtain support for the Plan.
- recovery outcomeentries: basis: unstated · quote: | Expected pro-rata distribution | 1.70% A/B | · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · class label: Remaining Unsecured Claims · claims amount: 13621971 · interim final: unstated · currency quote: $CAD · claims qualifier: estimated; basis: unstated · quote: | Less: First $1,500 of remaining Unsecured Claims | (219,000) | · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 1500 · amount high: 1500 · class label: Convenience Class claims · interim final: unstated · conditional on: 100% of the first $1,500 of remaining Unsecured Claims; pro rata thereafter · currency quote: $CAD · claims qualifier: unstated · stated on: 2020-09-04 · table missing:
- report date4 September 2020
- report noFourth Report of the Monitor