Ontario · CCAA
Ninth Report of the Information Officer
Court officer report · 11 September 2025
What we verified from this filing5 verified
- cash on handnote: Includes $2.9 million (approximately CAD$4.1 million) of sale proceeds from the RGH Transaction held by the Information Officer in trust; Debtors held cash of approximately $629 million as at same date. · as at: 2025-07-31 · amount: 4500000 · currency: USD · qualifier: approximately
- operational summaryThe Canadian Debtors continue an orderly wind-down, having sold or terminated nearly all real property and rolling stock assets, with one employee remaining to assist with wind-down efforts and claims/plan matters ongoing in the Chapter 11 Cases.
- recovery outcomeentries: basis: estimated · quote: Based on the Plan Settlement, the settled Joint and Several General Unsecured Claims of the settling J&S Holders and the Claims of the Non-J&S Holders are expected to receive the same percentage recovery, which is estimated to be between 12% and 16%. · pct of: unstated · outcome: distribution · pct low: 12 · pct high: 16 · class key: unsecured · stated by: monitor · class label: Holders of General Unsecured Claims (J&S Holders and Non-J&S Holders) · interim final: unstated · claims qualifier: unstated · stated on: 2025-09-11 · table missing:
- report date11 September 2025
- report noNinth Report