Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 23 January 2024
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
- cash on handnote: Actual ending balance for the 15-week period ending January 19, 2024, reported in the receipts and disbursements table in thousands ($12,885). Per the table footnote, the Ending Balance may include certain charges that form the Administrative Expense Amount and other trust funds to be paid out under the ARVO and Subscription Agreement. Forecast ending balance was $13,062 thousand. · as at: 2024-01-19 · amount: 12885000 · currency: CAD
- operational summaryResidual Co. is winding down the estate: completing the Claims Procedure, winding down outstanding contracts and liabilities, and preparing for distributions to creditors, with the stay extension to April 15, 2024 sought for this purpose.
- professional feesnote: Monitor fees exclude disbursements of $3,849.42 and HST of $45,346.79; total with disbursements and HST is $394,168.21. Monitor's counsel (TGF) fees for 2023-10-01 to 2023-12-31 are $115,397.50 (disbursements $3,461.93, HST $15,451.73, total $134,311.16). · party: FTI Consulting Canada Inc. (Monitor) · amount: 344972 · period: 2023-10-01 to 2024-01-07 · currency: CAD
- report date23 January 2024
- report noFifth Report