Alberta · CCAA
Seventh Report of the Monitor (May 11, 2026)
Court officer report · 11 May 2026
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As the Monitor has issued a distribution payment to TD Bank in respect to its secured indebtedness, TD Bank has been repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: TD Bank · creditor name: TD Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: BMO, who is expected to suffer a significant shortfall on outstanding amounts owed to it by the Debtors (as set out in greater detail below), was consulted throughout the SISP and supports the Transactions; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the apparent misappropriation of inventory by Mr. Koch before and at the Westcastle Closing Date (which resulted in additional SIV units as the TD Bank debt for those vehicles remains outstanding) and the recently disclosed and registered The Loan Store debt (if valid), there will be a significant shortfall within the Westcastle GMC estates. · pct of: unstated · outcome: shortfall · stated by: monitor · class label: Westcastle GMC estates creditors · interim final: unstated · claims qualifier: unstated · table missing: Based on the Westcastle GMC Sale Proceeds and Remaining Westcastle GMC Sale Proceeds arising from the Westcastle GMC Transactions and subject to maintaining a reserve for disputed funds and the new Court-ordered charges the estimated distribution waterfall ( 'Distribution Waterfall' ) is as follows: