British Columbia · CCAA
The purpose of this ninth report (the “Ninth Report”) is to provide the Supreme Court of British Columbia with information regarding: a) an update with respect to the Plan Concept and Form of Plan (both, defined below); b) budget to actual analysis of the forecast in the Monitor’s Seventh Report (the “Seventh Report Forecast”); c) a revised forecast (the “Ninth Report Forecast”); and d) HFRO’s request for an extension of the Stay of Proceedings to March 15, 2019
Court officer report · 13 February 2019
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 filing5 verified
- cash on handnote: Beginning cash of the Ninth Report Forecast Period; 'HFRO at the beginning of the Forecast Period has approximately $645,608 after the consolidation of all bank accounts.' · amount: 645608 · currency: CAD · qualifier: approximately
- operational summaryHFRO continues to operate with a skeleton crew, processing Legacy Material into Finished Goods and dismantling CASPs, while working toward finalizing a Plan of Arrangement with key stakeholders (the Port and Harvest Power).
- professional feesnote: This is a forecast disbursement, not an incurred/actual figure; 'Relates to the fees of the Monitor (December 2018, January 2019) and its legal counsel (December 2018, January 2019), as well as HFRO's legal counsel (January 2019).' · party: Monitor, Monitor's legal counsel, and HFRO's legal counsel · amount: 200000 · period: February 11, 2019 to March 15, 2019 (forecast) · currency: CAD
- report date13 February 2019
- report noNinth Report