Alberta · CCAA
Proposed Monitors Report - Jan 27-16
Court officer report · 27 January 2016
A plain-language read of this filing opens with a subscription.
What we verified from this filing13 verified
- secured creditorsnote: Identified via PPR search dated January 25, 2016; operating line reduced from $3.5M to $2M in May 2015; no outstanding balance amount stated · page: 7 · as of: 2016-01-25 · debtor: Rotating Right Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: Senior lender; various items of specific security plus general security agreement, registered at Personal Property Registry
- secured creditorsnote: Company states no outstanding indebtedness to this creditor despite registration; identified via PPR search · page: 7 · as of: 2016-01-25 · debtor: Rotating Right Inc. · creditor: National Leasing Group Inc. · currency: CAD · security: Specific security agreements over various chattels
- secured creditorsnote: Identified via PPR search; monitor has not yet reviewed specific security agreements · page: 7 · as of: 2016-01-25 · debtor: Rotating Right Inc. · creditor: Ally Credit Canada Ltd. · currency: CAD · security: Specific security agreement over various chattels
- secured creditorsnote: Identified via PPR search; monitor has not yet reviewed specific security agreements · page: 7 · as of: 2016-01-25 · debtor: Rotating Right Inc. · creditor: GM Financial Canada Leasing Ltd. · currency: CAD · security: Specific security agreement over various chattels
- secured creditorsnote: Company states no outstanding indebtedness to this creditor; BMO's registration perfected prior to Wilkinson's · page: 7 · as of: 2016-01-25 · debtor: Rotating Right Inc. · creditor: Wilkinson Steel and Metals Inc. · currency: CAD · security: Security agreement against inventory plus general security agreement
- unsecured creditorsnote: Related party (shareholder); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 457245.42 · debtor: Rotating Right Inc. · creditor: 1348156 BC Ltd. (Mark Cheyne & Neil Torrey) · currency: CAD
- unsecured creditorsnote: Related party (shareholder); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 109280.56 · debtor: Rotating Right Inc. · creditor: 788871 Alberta Ltd. (Brian Oliphant) · currency: CAD
- unsecured creditorsnote: Related party (shareholder, individual); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 395736.3 · debtor: Rotating Right Inc. · creditor: Daryl Purshcke · currency: CAD
- unsecured creditorsnote: Related party (shareholder, individual, also President/CEO); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 251152.27 · debtor: Rotating Right Inc. · creditor: Len Kerekanich · currency: CAD
- unsecured creditorsnote: Related party (shareholder, individual); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 266438.63 · debtor: Rotating Right Inc. · creditor: Michael Keeley · currency: CAD
- unsecured creditorsnote: Related party (shareholder, individual); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 34337.01 · debtor: Rotating Right Inc. · creditor: Myron Harke · currency: CAD
- unsecured creditorsnote: Related party (shareholder); monitor has not yet reviewed loan agreements · page: 8 · basis: Shareholder claim as reported by Company · amount: 1429245.98 · debtor: Rotating Right Inc. · creditor: Shanghai Maud Group · currency: CAD
- unsecured creditorsnote: Landlord claim; rent due January 15, 2016 not paid for one location · page: 8 · as of: 2016-01-15 · basis: Unpaid rent obligation as reported by Company · amount: 32897.99 · debtor: Rotating Right Inc. · creditor: 1250019 Alberta Ltd. (125 Property landlord) · currency: CAD