Ontario · CCAA
Monitor’s Third Report
Court officer report · 24 November 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: it is beneficial to the landlord group as a whole as it: (a) provides for the continued operation of six of MEI's eight locations; 6 and (b) provides for a cash payment of approximately $520,000 to the Yonge & Bloor Landlord in respect of the Affected Landlord Claim, which is estimated to be the maximum amount that it would otherwise receive in a bankruptcy; and · pct of: unstated · outcome: distribution · class key: landlord · stated by: monitor · amount low: 520000 · amount high: 520000 · class label: Yonge & Bloor Landlord (Affected Landlord Claim) · creditor name: Yonge & Bloor Landlord · interim final: unstated · claims qualifier: unstated; 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 scenarios, proceeds would not be sufficient to fully repay secured creditors · claims qualifier: unstated · stated on: 2021-11-24 · table missing: