British Columbia · CCAA
Fifth Report of the Monitor
Court officer report · 18 June 2023
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What we verified from this filing7 verified
- cash on handas at: 2023-06-18 · amount: 23000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total Operating Disbursements for Weeks 1-16 (Actual weeks 1-14 plus Forecast weeks 15-16) per Fourth Cash Flow Statement summary table. · since: start of the sixteen-week Cash Flow Statement period (March 13, 2023 to July 2, 2023) · amount: 426077 · currency: CAD
- operational summaryThe Petitioners vacated the Langley Premises by May 31, 2023 amid disruptions from theft-affected inventory and relocation, negatively impacting sales and cash flow, while continuing limited operations and pursuing an Amended Plan of compromise with creditors.
- professional feesnote: Accrued fees; no payments made toward arrears during the period; Monitor expects accrued fees for June 2023 to approach or exceed the current Administration Charge if unpaid. · party: professionals (net of retainer paid to the Monitor) · amount: 205000 · period: as at the end of May 2023 · currency: CAD
- receipts cumulativenote: Total Operating Receipts for Weeks 1-16 (Actual weeks 1-14 plus Forecast weeks 15-16) per Fourth Cash Flow Statement summary table. · since: start of the sixteen-week Cash Flow Statement period (March 13, 2023 to July 2, 2023) · amount: 380853 · currency: CAD
- report date18 June 2023
- report noFifth Report