Alberta · CCAA
Monitor's Thirty-Ninth Report
Court officer report · 17 August 2020
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 filing9 verified
- cash on handnote: Total funds on hand per proposed Final District Distribution table: Faskens trust 1,608,752; Cassels trust 502,556; CEF BMO bank account 107,995; brokerage account 11,250. Figure is the District's pool for distribution, undated in the table. · amount: 2230552 · currency: CAD
- closing confirmedscope: the Tuscany Lands · outcome: completed · date basis: unstated
- operational summaryThe CCAA proceedings are nearing completion: the Tuscany Lands sale has closed, the DIL, ECHS and EMSS plans are complete, and the District is preparing a final distribution of about $2.1 million to depositors, after which the Monitor is to be discharged.
- professional feesnote: Total including GST (25,151) and estimates to discharge; 503,019 excluding GST. Monitor fees total 412,714 incl. GST (393,061 excl.; estimate to discharge 26,000); legal fees total 115,456 incl. GST (109,958 excl.; estimate to discharge 42,500). · party: Monitor (Deloitte) and Monitor's legal counsel (Cassels Brock & Blackwell LLP) · amount: 528170 · period: November 1, 2017 to discharge · currency: CAD
- purchaserRockford
- report date17 August 2020
- report noThirty-Ninth Report of the Monitor
- sale advisora broker
- sale outcometext: The sale of the Tuscany Lands has closed. · scope: parcel · status: closed