British Columbia · CCAA
Fifteenth Report of the Monitor
Court officer report · 19 November 2024
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What we verified from this filing9 verified
- cash on handnote: Figure in $'s,000; ending cash position from actual vs forecast table for period ending November 15, 2024. · as at: 2024-11-15 · amount: 12000 · currency: CAD
- disbursementsnote: Figure in $'s,000; total actual disbursements for period April 1, 2022 to November 15, 2024. · since: April 1, 2022 (Filing Date) · amount: 9338000 · currency: CAD
- operational summaryThe Companies' Development Property remains in a pre-construction state pending issuance of a building permit, with the Monitor overseeing a shoring/dewatering system and a sale process to market the property to prospective purchasers.
- professional feesnote: Figure in $'s,000 from actual vs. forecast cash flow table; forecast for same period was $2,287,000. · party: Monitor and professionals engaged in the CCAA proceedings · amount: 2013000 · period: April 1, 2022 to November 15, 2024 · currency: CAD
- receipts cumulativenote: Figure in $'s,000; total actual receipts for period April 1, 2022 to November 15, 2024. · since: April 1, 2022 (Filing Date) · amount: 9345000 · currency: CAD
- report date19 November 2024
- report noFifteenth Report
- sale advisorJones Lang LaSalle Real Estate Services Inc.
- sale outcometext: The Monitor, taking into consideration the foregoing, is of the view that the Sale Process must be further extended in order for prospective parties to engage with Romspen. · scope: parcel · status: liquidation_in_progress