Alberta · CCAA
Walton Development and Management (Ontaro) GP Ltd. - 2019 Annual Report
Court officer report · 1 June 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 filing7 verified
- cash on handnote: Exhibit 1.0 figures appear to be in thousands of dollars (ending cash balance 309); the Note 1 reimbursement of $135,000 corresponds to the (135) line. The Monitor has set the Administrative Reserve at $400,000, and WDM Ontario does not currently have sufficient funds to make a distribution. · as at: 2019-12-31 · amount: 309000 · currency: CAD
- disbursementsnote: Total disbursements of (160) in thousands: CCAA fee reallocation (135), CCAA professional fees (13), other (12, GST remittances). This is a period figure; the document gives no cumulative total. · since: January 1, 2019 (the 2019 reporting period only; not cumulative since the filing) · amount: 160000 · currency: CAD
- operational summaryWDM Ontario has no business or employees and generates no revenue; its remaining assets are management-fee receivables from other Walton Group members, and the Monitor manages the estate under the Enhancement Order and its distribution protocol.
- professional feesnote: Stated in Exhibit 1.0 as (13) (thousands). A separate $135,000 CCAA fee reallocation was paid to reimburse other Walton CCAA Applicants. The Administrative Reserve is based on an estimated $60,000 per year in CCAA professional fees until January 31, 2025. The document does not say whether the 13 excludes GST. · party: WDM Ontario's legal counsel, the Monitor and the Monitor's legal counsel (combined CCAA professional fees) · amount: 13000 · period: January 1, 2019 to December 31, 2019 · currency: CAD
- receipts cumulativenote: Total receipts for the reporting period consisted solely of interest income (7, in thousands). The document gives no cumulative figure since the CCAA filing, so this is a period figure. · since: January 1, 2019 (the 2019 reporting period only; not cumulative since the filing) · amount: 7000 · currency: CAD
- report date31 May 2020
- report no2019 Annual Report