Ontario · Proposal
Trustee's Second Report to Court dated January 29, 2018 .pdf
Court officer report · 29 January 2018
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: Described as Bella's cash position at the commencement of the May Cash Flow period; the May Cash Flow Projection estimates net cash flow of approximately $491,000 by May 4, 2018. · as at: 2018-01-19 · amount: 1061000 · currency: CAD · qualifier: approximately
- operational summaryBella continues to operate its 160-bed long-term care facility in the normal course while the Sale Process advances (data room to open February 5, 2018, negotiations expected March 2018). The Company has remained current on post-filing obligations, and its cash flows are materially consistent with the initial projection.
- report date29 January 2018
- report noSecond Report
- sale advisorGrant Thornton Corporate Finance Inc.
- sale outcometext: Sale Process is ongoing; data room to open to approved buyers and negotiations with a successful buyer anticipated in March 2018, subject to Court and Ministry approval · scope: whole_business · status: liquidation_in_progress