Ontario · CCAA
Seventh Report of the Monitor dated November 22, 2021
Court officer report · 22 November 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 486 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $486 and $758, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Seventh Report of KSV Restructuring Inc. as CCAA Monitor · context quote: Seventh Report of KSV Restructuring Inc. as CCAA Monitor of Rosebud Creek Financial Corp., 957855 Alberta Ltd. and Metro 360 General Partnership; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 758 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $486 and $758, respectively. · scope: Bennett Jones · currency: · invoices: · firm text: Bennett Jones · firm quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $486 and $758, respectively. · context quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $486 and $758, respectively.
- recovery outcomeentries: basis: plan · quote: | Initial Distribution (%) | 25.5% | 15.6% | · pct of: unstated · outcome: distribution · pct low: 25.5 · pct high: 25.5 · class key: unsecured · stated by: monitor · amount low: 4431000 · cumulative: false · amount high: 4431000 · class label: Affected Creditors (Plan as filed) · claims amount: 17384000 · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The table below reflects that the Initial Distribution is estimated to be approximately $4.4 million (being 25 cents on the dollar value of Affected Claims (excluding Convenience Class Creditors)), and the Promissory Note is estimated to be approximately $12.9 million. · pct of: unstated · outcome: distribution · pct low: 25 · pct high: 25 · class key: unsecured · stated by: monitor · amount low: 4400000 · cumulative: false · amount high: 4400000 · class label: Affected Creditors · interim final: unstated · cents on dollar: 25 · claims qualifier: unstated; basis: plan · quote: Intercompany Creditors (being 38% of the total Proven Claims) have agreed to not participate in the Initial Distribution under the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · cumulative: false · class label: Intercompany Claims · claims amount: 11000000 · interim final: unstated · related party: true · conditional on: Intercompany Creditors have agreed to not participate in the Initial Distribution under the Plan; participate pro rata in subsequent distributions · claims qualifier: unstated; basis: plan · quote: The provisional claim will be nil if creditors are paid in full. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: monitor · class label: CRA Provisional Claim · claims amount: 3200000 · creditor name: CRA · interim final: unstated · conditional on: if creditors are paid in full under the Plan · claims qualifier: estimated · stated on: 2021-11-22 · table missing: