Ontario · CCAA
Sixth Report of the Monitor - The Fuller Landau Group Inc - 28-AUG-2026
Court officer report · 28 August 2026
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 summaryThe Applicants' EveryDay Platform has operated since March 20, 2026 through EPFC, with Merchants reactivating their accounts. A SISP yielded no Qualified Bids, so the Stalking Horse Bid from Pateno was declared the Successful Bid and is now proposed to close as an asset purchase transaction, together with a proposed Merchant Recovery Program and a requested stay extension to October 23, 2026.
- recovery outcomeentries: basis: estimated · quote: In the event the Program is implemented and there is full participation by Merchants, the Merchant Recovery Program is expected to result in recovery rate of 100% in respect of Merchant Shortfall Claims under $5,000 (such Merchants, the ' Convenience Class Merchants ') , and approximately 54% in respect of remaining Merchant Shortfall Claims (subject to satisfaction of all applicable conditions). · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Convenience Class Merchants · interim final: unstated · conditional on: In the event the Program is implemented and there is full participation by Merchants · claims qualifier: unstated; basis: estimated · quote: As noted above, assuming a 100% participation rate, the Monitor estimates that Participating Merchants in good standing who are not Convenience Class Merchants would recover approximately 54% of their Merchant Shortfall Claims over the 60 month period. · pct of: unstated · outcome: distribution · pct low: 54 · pct high: 54 · class key: unsecured · stated by: monitor · class label: remaining Merchant Shortfall Claims (Participating Merchants other than Convenience Class Merchants) · interim final: unstated · conditional on: assuming a 100% participation rate, over the 60 month period · claims qualifier: unstated; basis: estimated · quote: The $3 million of Non-Participating Merchants will receive no distributions under the Program. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Non-Participating Merchants · claims amount: 3000000 · interim final: unstated · claims qualifier: estimated · stated on: 2026-08-28 · table missing:
- report date28 August 2026
- report noSixth Report