Quebec · CCAA
Sixth Report of the Designated Monitor on the State of Debtors’ Financial Affairs
Court officer report · 24 February 2005
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: Closing bank balance per the projected vs. actual cash-flow comparison (actual, December 1, 2004 to February 22, 2005); projected closing balance was $105,612; opening balance $150,081. · as at: 2005-02-22 · amount: 175526 · currency: CAD
- operational summaryPlant activities have been suspended since February 13, 2004; all remaining inventory has been sold and recoverable receivables collected. Only three employees remain, and activities are limited to safeguarding and maintaining the plant and the asset sale process (sale to Quebec Waters, Inc. approved February 23, 2005).
- professional feesnote: Accrued professional fees of the Monitor, as shown in the cash flow projection (Note 2); projected, not yet paid. Other professionals (Davies Ward Phillips & Vineberg, legal advisor to Monitor, Scotia Capital success fee yet to be determined) are projected separately. · party: RSM Richter Inc. (Monitor) · amount: 103719 · period: November 1, 2004 to January 28, 2005 · currency: CAD
- report date24 February 2005
- report noSixth Report