Ontario · CCAA
Fourth Report of the Monitor (November 30, 2017)
Court officer report · 30 November 2017
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Express Canada has advised the Monitor that all distribution cheques to Unsecured Creditors have been cashed and as such, all Unsecured Creditor Claims have been satisfied in full as of the date hereof. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On or about October 24, 2017, an aggregate amount of $72,807.66 was paid by Express Canada under the supervision of the Monitor, to former employees, through Express Canada's payroll services provider to satisfy all Employee Claims in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 72807.66 · amount high: 72807.66 · class label: Employee Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On or about October 25, 2017, an aggregate amount of $784,697.39 was paid by Express Canada under the supervision of the Monitor, by cheque, to all other Unsecured Creditors to satisfy all other Unsecured Creditor Claims in full. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · amount low: 784697.39 · amount high: 784697.39 · class label: other Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On or about October 24, 2017, the Initial Distribution was made to Landlords by Express Canada under the supervision of the Monitor by wire or cheque, as directed by each Landlord, in the aggregate amount of $16,643,000. · pct of: unstated · outcome: distribution · class key: landlord · stated by: monitor · amount low: 16643000 · amount high: 16643000 · class label: Landlords · interim final: unstated · conditional on: pro rata share of the Landlord Cash Pool · claims qualifier: unstated; basis: plan · quote: Express US is supporting the Plan by, among other things, permitting the Secured Intercompany Claim and any Express US Subrogated Claim to be Unaffected Claims, which will not be paid under the Plan. · pct of: unstated · outcome: nil · stated by: monitor · class label: Express US (Unaffected Claim) · creditor name: Express US · interim final: unstated · related party: true · claims qualifier: unstated · stated on: 2017-11-30 · table missing: