Alberta · CCAA
04. Fourth Report of the Monitor
Court officer report · 12 February 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 filing5 verified
- cash on handnote: Ending cash balance as at January 30, 2009 per the budget-to-actual table (9,038 in $000s); includes $2,525K of funds held in trust by counsel to the Applicants from the sale of certain Non-Core Property Assets. Forecast balance was approximately $7.915 million. · as at: 2009-01-30 · amount: 9038000 · currency: CAD · qualifier: approximately
- operational summaryJED's operations have continued in the normal course with no material adverse changes since the Third Report, retaining core employees and supplier services. The Core Property Asset sale process failed, and JED is now pursuing a restructuring plan of compromise/arrangement without a sale while cutting costs.
- professional feesnote: Actual professional fees of 169 ($000s) vs. budget of 420, a positive variance of about $251,000 attributed to timing of Monitor's and legal counsel fees submitted for payment. Whether the figure excludes tax is not stated. · party: Monitor and legal counsel (CCAA process professional fees) · amount: 169000 · period: November 29, 2008 to January 30, 2009 · currency: CAD
- report date12 February 2009
- report noFourth Report of the Monitor