Ontario · CCAA
Thirtieth Report of the Monitor
Court officer report · 26 October 2022
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 filing4 verified
- operational summaryCash Store has sold substantially all of its assets and is in a post-plan administration phase. The Monitor administers the estate, collects a few miscellaneous receivables, and oversees the Remaining Estate Actions against KPMG, Cassels Brock and Canaccord, the TPL Action and the Consumer Borrower Class Action. The estate's costs are funded through the Litigation Funding and Indemnity Reserve under the Augusta litigation funding agreement.
- professional feesnote: This is a forecast, not incurred fees: the Cash Flow Forecast shows $118,000 in expenses to be funded, comprising $28,000 of operating expenses (including record storage and destruction) and $90,000 of professional fees. Forecast fees are based on expected workload and may vary with actual time spent. Whether the amount excludes tax is not stated. · party: Monitor and Litigation Trustee (estate administration) · amount: 90000 · period: November 5, 2022 to November 18, 2023 (forecast period) · currency: CAD
- report date26 October 2022
- report noThirtieth Report