Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 5 October 2025
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 filing10 verified
- cash on handnote: Ending cash balance per the actual receipts and disbursements table for the 11-week period July 14 to September 28, 2025 (forecast ending balance was $552,053). · as at: 2025-09-28 · amount: 767774 · currency: CAD
- closing confirmedscope: the Claireport Property · outcome: completed · effective: 2025-08-22 · date basis: stated · approval order date: 2025-07-28; scope: the Mountainview Property · outcome: completed · effective: 2025-09-04 · date basis: stated · approval order date: 2025-07-28
- operational summaryThe Applicants continue limited trucking operations with key customers while monetizing remaining Equipment through the sale process. Their main real properties have been sold and the proceeds largely distributed to BMO, and they are pursuing the Bolton Property refinancing and an exit from the CCAA proceedings.
- process resultsbids: 12 · ndas: 10 · note: Figures from the reproduced Fourth Report regarding the Listed Real Properties marketing process · solicited: 1521 · qualified bids: 12
- professional feesnote: Actual restructuring professional fees disbursed in the 11-week period vs. forecast $943,234; a favourable variance of approximately $104,000 attributed to timing. Forecast for the next 10-week period is $666,700. This report does not state whether the figure excludes HST. · party: Restructuring professional fees (Monitor, Monitor's counsel, CRO, Applicants' counsel, DIP Lender's counsel) · amount: 839693 · period: July 14, 2025 to September 28, 2025 · currency: CAD
- purchaserprice: sealed: false · scope: the Claireport Property · status: closed · name note: Claireport Property purchaser, unnamed in this report · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Mountainview Property · status: closed · name note: Mountainview Property purchaser, unnamed in this report · structure: real_property · name source: recital · relationship: unstated; price: note: net minimum guarantee plus overage of $109,500 from subsequent auction · basis: mixed · sealed: false · currency: CAD · scope: 44 pieces of Equipment · status: closed · name note: NMG Transaction purchaser of 44 pieces of Equipment, unnamed · structure: auction · name source: recital · relationship: unstated; price: note: net minimum guarantee with potential for additional proceeds following auction · basis: mixed · amount: 1363224 · sealed: false · currency: CAD · scope: 126 vehicles · status: approved · name note: Second McDougall Transaction purchaser, unnamed · structure: auction · name source: recital · relationship: unstated; price: basis: cash · amount: 704500 · sealed: false · currency: CAD · scope: 33 vehicles · status: approved · name note: Ritchie Brother Transaction purchaser, unnamed · structure: assets · name source: recital · relationship: unstated
- report date5 October 2025
- report noFifth Report of the Monitor
- sale advisorAvison Young (Canada) Inc.
- sale outcometext: Update on the sale process for real properties and equipment, with two real property transactions closed and equipment sales ongoing · scope: parcel · status: closed