Ontario · CCAA
Forty-Seventh Report of the Monitor
Court officer report · 23 September 2023
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What we verified from this filing6 verified
- cash on handnote: As at 'late July 2023' (prior to issuing distribution to unsecured creditors); precise date not stated. · amount: 7810787 · currency: CAD · qualifier: held in Monitor's trust account prior to distribution
- operational summaryThe Cumberland 2 Group's remaining entities have no ongoing operations or employees; the Monitor is winding down affairs by collecting mortgage receivables, pursuing remaining claims, and making distributions to unsecured creditors while reserving funds for disputed claims.
- professional feesnote: Comprises fees of $29,674.60 plus HST of $3,857.70; separately, Monitor's independent legal counsel GSNH's fees for May 1, 2023 to August 31, 2023 totaled $28,130.23 (fees $24,095.00, disbursements $877.00, HST $3,158.23). · party: Monitor (The Fuller Landau Group Inc.) · amount: 33532.3 · period: February 1, 2023 to August 31, 2023 (Westside) and June 1, 2023 to August 31, 2023 (Cumberland 2 LP) · currency: CAD
- recovery outcomeentries: basis: actual · quote: The Montor issued distributions totaling $3,264,743 to the unsecured creditors with claims totaling $22,661,197.95. · pct of: unstated · outcome: distribution · pct low: 14.4 · pct high: 14.4 · class key: unsecured · stated by: monitor · amount low: 3264743 · amount high: 3264743 · class label: unsecured creditors · claims amount: 22661197.95 · interim final: unstated · claims qualifier: proven · stated on: 2023-09-23 · table missing:
- report date23 September 2023
- report noForty-Seventh Report