Nova Scotia · CCAA
Fifth Report of the Monitor
Court officer report · 16 February 2026
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 filing8 verified
- cash on handnote: Stated as $9,800 in the narrative text; supporting table shows $9,794. · as at: 2026-02-08 · amount: 9800 · currency: CAD
- disbursementsnote: Cumulative disbursements for the period ended February 8, 2026 (Week 25). · since: start of 25-week Cash Flow Forecast period · amount: 11176874 · currency: CAD
- operational summaryThe Company continued ordinary-course operations without significant service interruption, advanced the RISP with 323 NS as successful refinancing offeror, secured DIP financing, and worked toward finalizing a Plan of Compromise and Arrangement.
- professional feesnote: Fees deferred, exclusive of HST, expected to be subject to Administration Charge. · party: Resolve Advisory and Company Counsel · amount: 250000 · period: through December 31, 2025 and estimated January-February 2026 · currency: CAD
- receipts cumulativenote: Cumulative receipts for the period ended February 8, 2026 (Week 25). · since: start of 25-week Cash Flow Forecast period · amount: 10972041 · currency: CAD
- recovery outcomeentries: basis: plan · quote: | Forced Liquidation Plan of Arrangement A) Realization value $ 8,032,000 $ 8,232,000 B) Less: Secured Creditor Class 8,032,000 8,032,000 C) Available for unsecured creditors (A-B) $ - $ 200,000 Estimated Dividend 0.0% 2.4% | · pct of: unstated · outcome: distribution · pct low: 2.4 · pct high: 2.4 · class key: unsecured · stated by: monitor · amount low: 200000 · amount high: 200000 · class label: Unsecured Creditors Class (Plan of Arrangement) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All such Municipal Property Tax Priority Claims shall be paid in priority from Plan Sponsors Cash Funding up to $175,458 and shall not be entitled to vote. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · amount high: 175458 · class label: Municipal Property Tax Priority Claims · interim final: unstated · conditional on: paid in priority from Plan Sponsors Cash Funding up to $175,458 · claims qualifier: unstated · stated on: 2026-02-16 · table missing:
- report date16 February 2026
- report noFifth Report