Ontario · CCAA
Monitor’s Third Report
Court officer report · 24 November 2021
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 filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: full payment (100% recovery) in respect of RBC's secured claim of $2.2 million; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: RBC's secured claim · claims amount: 2200000 · creditor name: RBC · interim final: unstated · conditional on: in a bankruptcy liquidation scenario · claims qualifier: estimated; basis: liquidation_alternative · quote: full payment (100% recovery) in respect of the Cadillac Fairview Entities' secured claim, including: (a) a fixtures loan of $198,000; and (b) amounts totalling $1.1 million in respect of the Cadillac Fairview Leases (calculated pursuant to subsection 136(1)(f) of the BIA); · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: Cadillac Fairview Entities' secured claim · creditor name: Cadillac Fairview Entities · interim final: unstated · conditional on: in a bankruptcy liquidation scenario · claims qualifier: unstated; basis: liquidation_alternative · quote: full payment (100% recovery) in respect of the remaining two lease claims totalling $540,000 (calculated pursuant to subsection 136(1)(f) of the BIA); and · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: landlord · stated by: monitor · class label: remaining two lease claims · claims amount: 540000 · interim final: unstated · conditional on: in a bankruptcy liquidation scenario · claims qualifier: estimated; basis: estimated · quote: In certain scenarios, proceeds would not be sufficient to fully repay secured creditors (resulting in no recovery on the Affected Landlord Claim and all other unsecured claims). · pct of: unstated · outcome: nil · class key: landlord · stated by: monitor · class label: Affected Landlord Claim and all other unsecured claims · interim final: unstated · conditional on: in certain illustrative sale scenarios where proceeds are not sufficient to fully repay secured creditors · claims qualifier: unstated · stated on: 2021-11-24 · table missing: