Alberta · CCAA
07. Seventh Report of the Monitor
Court officer report · 16 June 2009
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 filing6 verified
- cash on handnote: Ending cash balance as at June 5, 2009 including approximately $1.276 million of funds held by legal counsel (FMC); ending cash excluding those funds was $4,032 thousand. · as at: 2009-06-05 · amount: 5308000 · currency: CAD · qualifier: approximately
- operational summaryJED's operations continued in the normal course with no material adverse changes since the Sixth Report, retaining core employees and supplier services, while a Plan of Arrangement is being drafted with stakeholders.
- professional feesnote: Forecast professional fees of $100,000 for the Revised Forecast Period, not an incurred or cumulative figure; the report does not state the Monitor's own fees separately or whether tax is excluded. · party: Professionals in the CCAA proceedings (forecast) · amount: 100000 · period: June 6, 2009 to July 3, 2009 · currency: CAD
- recovery outcomeentries: basis: plan · quote: The payment of the two lien claims will not affect the proposed plan of arrangement that is currently being drafted by the Applicants, as the payment of the priority claims were to be paid in full under the proposed Plan. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: lien claims registered before the Noteholder claims (priority claims) · interim final: unstated · claims qualifier: unstated · table missing:
- report date16 June 2009
- report noSeventh Report