Quebec · CCAA
Twenty-Seventh Report of the Monitor – dated December 5, 2017
Court officer report · 5 December 2017
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 filing5 verified
- operational summaryThe Monitor is completing its review and adjudication of the remaining Bodily Injury and Property and Economic Damages claims and distributing funds to claimants under the Amended Plan, while the Chapter 11 litigation against CP continues. A further stay extension to June 29, 2018 is sought.
- professional feesnote: Total including sales taxes; $728,983 before sales taxes of $109,165. Richter's own fees were $550,765 including taxes ($479,030 before taxes). The Monitor and its counsel also retain a $150,000 retainer to be applied to final invoices. · party: Richter (Monitor), Woods, Gowling WLG and the Claims Officer · amount: 838148 · period: June 1, 2017 to November 30, 2017 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In total, as of the date hereof, an amount of approximately $47.1 million has been distributed to 4,327 claimants. · pct of: unstated · outcome: distribution · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 47100000 · cumulative: true · amount high: 47100000 · class label: Bodily Injury and Moral Damage Claims · interim final: unstated · currency quote: All amounts reflected in this report are stated in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: Of these, 1,796 claims have become Proven Claims (which includes 84 claims which were resolved since the issuance of the Twenty-Sixth Report as noted below) and their holders have received both their first interim distribution of 50% and the second and final distribution of 50% (issued in the week of November 13, 2017) for a total of $24.0 million. · pct of: proven_claims · outcome: distribution · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · cumulative: true · class label: Property and Economic Damages Claims · interim final: final · currency quote: All amounts reflected in this report are stated in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2017-12-05 · table missing:
- report date5 December 2017
- report noTwenty-Seventh Report of the Monitor