Quebec · NOI
Third Report of the Trustee on the Business and Financial Affairs of the Debtors (in French only)
Court officer report · 13 March 2024
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: Actual closing cash position for the 6 weeks ended Feb 24, 2024 (budget: (1 594 870)). Note N21 explains the opening balance of the forecast is the credit line balances of Gestion and Distribution of $1 543 529, net of bank account balances of $6 642. · as at: 2024-02-24 · amount: -1543529 · currency: CAD · qualifier: closing cash balance shown as negative: net bank indebtedness (credit line balances net of bank account balances)
- operational summaryThe Debtors continue operating under their notice of intention, funding the off-season with a $350k alternative financing injection and a reorganization plan (inventory reduction, lease review, expense controls, supplier agreements ahead of the April–August high season); they intend to file a proposal within statutory deadlines.
- professional feesnote: Actual 'Frais de restructuration' for the period vs budget of 123 231. Note N10 describes these as fees of the trustee and the Debtors' attorney. Total includes both parties; no separate trustee-only figure or tax treatment stated. · party: Restructuring costs (trustee and the Debtors' counsel fees) · amount: 91041 · period: 2024-01-14 to 2024-02-24 (actual, 6 weeks) · currency: CAD
- report date13 March 2024
- report noTroisième rapport