Quebec · CCAA
2026-03-05 Fourth Report of the Monitor (in French)
Court officer report · 5 March 2026 · French
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 filing17 verified
- report date5 March 2026
- report noQuatrième rapport
- operational summaryThe Controller continued conservatory measures and asset management for the Debtors, including completion of ditch erosion/reprofiling works, installation of a steel plate to block a problematic outlet, sale and removal of movable assets (trailers, concrete barriers, construction equipment), rationalization of site security, submission of required environmental reports to MELCCFP, coordination meetings with the environmental consultant and water treatment subcontractor, termination of the McGill Street office lease, continued efforts to obtain Lyten's books and records, and continued analysis of claims received under the claims process.
- cash on handamount: 12601000 · currency: CAD
- professional feesamount: 1657000 · currency: CAD
- receipts cumulativeamount: 4322000 · currency: CAD
- cash on handnote: Closing cash balance (Solde de fin) shown as 12,601 in thousands of CAD in the actual vs. projected cash flow table; projected closing balance was 12,066. · as at: 2026-02-28 · amount: 12601000 · currency: CAD
- disbursementsnote: Total disbursements (Décaissements) before taxes on disbursements, cumulative, in thousands CAD; taxes on disbursements are an additional 435 thousand cumulative. For 2025-12-01 to 2026-02-28 actual disbursements were 2,382 thousand vs. 2,486 projected. · since: 2025-09-05 (initial order) to 2026-02-28 · amount: 3822000 · currency: CAD
- operational summaryThe debtors are not operating; the Monitor is maintaining and preserving the site (erosion control, water management, security), has sold movable assets, terminated the McGill Street office lease, and is running separate sale processes for the construction steel inventory and the land, recommending approval of the sale of the steel to Compagnie Américaine De Fer Et Métaux inc.
- process resultsbids: 14 · note: 14 offres reçues au 20 février 2026, puis 2 offres bonifiées reçues au 26 février 2026 · as of: 2026-02-26 · qualified bids: 2
- professional feesnote: Amounts in thousands CAD, as disbursed per the cash flow table. Tax treatment not stated; taxes on disbursements shown separately (435 thousand cumulative). Fees for February 2026 and part of January 2026 not yet billed or paid. · party: Controller (Raymond Chabot inc.), its counsel and other professionals (table line 'Honoraires professionnels') · amount: 1657000 · period: Cumulative from 2025-09-05 to 2026-02-28 (940 thousand for 2025-12-01 to 2026-02-28) · currency: CAD
- purchaserCompagnie Américaine De Fer Et Métaux inc.
- receipts cumulativenote: Total receipts (Encaissements) cumulative, in thousands CAD; for 2025-12-01 to 2026-02-28 actual receipts were 3,779 thousand vs. 3,401 projected. · since: 2025-09-05 (initial order) to 2026-02-28 · amount: 4322000 · currency: CAD
- report date5 March 2026
- report noQuatrième rapport
- sale advisorRaymond Chabot inc.
- sale outcometext: Le Contrôleur recommande que la Transaction proposée soit autorisée · scope: parcel · status: pending_approval