Ontario · CCAA
Twentieth Report of the Monitor dated November 2, 2017
Court officer report · 2 November 2017
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: actual · quote: | Other creditors 13,510 13,510 - 100.0% 50,478 42,906 7,572 85.0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 13510000 · amount high: 13510000 · class label: creditors with admitted claims against the Cumberland Entities, other than UCI · claims amount: 13510000 · interim final: unstated · claims qualifier: proven; basis: actual · quote: Approximately $7.6 million of UCI's claim against the Cumberland Entities remains unpaid. · pct of: unstated · outcome: shortfall · pct low: 79.5 · pct high: 79.5 · class key: unsecured · stated by: monitor · amount low: 29396000 · amount high: 29396000 · class label: UCI (Shareholder Loans) · claims amount: 36968000 · creditor name: UCI · interim final: unstated · related party: true · claims qualifier: proven · shortfall amount: 7572000; basis: actual · quote: The table reflects that the Monitor made a distribution of approximately $3.1 million to the Bay CCAA Entities' creditors with admitted claims (33% of the admitted claims). · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 3100000 · amount high: 3100000 · class label: creditors with admitted claims against the Bay CCAA Entities · claims amount: 9315000 · interim final: unstated · claims qualifier: proven; basis: actual · quote: to make an interim distribution in a sum of approx. CAD 3 million to recognized creditors, including primarily the repayment of deposits to home purchasers, at a rate of 33% of the recognized debt claims. · pct of: unstated · outcome: distribution · pct low: 33 · currency: CAD · pct high: 33 · class key: unsecured · stated by: debtor · amount low: 3000000 · amount high: 3000000 · class label: recognized creditors, including primarily home purchasers' deposits (TCC Bay) · interim final: interim · currency quote: CAD 3 million · claims qualifier: unstated · stated on: 2017-11-02 · table missing: