Ontario · CCAA
Supplement to the Eighth Report of the Monitor
Court officer report · 26 September 2025
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 filing9 verified
- cash on handnote: Beginning cash balance of $755 (USD thousands) in the September 2025 Forecast for the 22 week period ended January 30, 2026; forecast ending balance $271 (USD thousands). The forecast covers weeks from September 5, 2025 and is a forecast, not an actual balance. · amount: 755 · currency: USD · qualifier: forecast beginning balance, in thousands
- closing confirmedscope: the 'Easy Legal' business · outcome: completed · effective: 2025-09-23 · purchaser: 17208260 Canada Inc. · date basis: stated · approval order date: 2025-09-16
- fee scheduleengagements: form: time_summary · rows: Dean Mullett; Jeffrey Rosenberg; Jodi Porepa; Richard Kim; Adsaran Vithiyananthan; Jennifer Ye; Adam Johnston; fees: 282275 · hours: 313.7 · quote: Total | Total | Total | 313.70 | 282,275.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: Total Professional Services | CAD | $282,275.00 · amount: 282275 · approximate: false · period: end: 2025-08-31 · kind: invoice · label: Supplemental Approval Period · quote: the Monitor and Osler have each rendered an additional account in respect of these CCAA Proceedings, in each case for the period from August 1, 2025, to August 31, 2025 (the ' Supplemental Approval Period '). · start: 2025-08-01 · approval: state: unstated · averages: rate: 899.82 · quote: Total hours invoiced by the Monitor in this period were 313.70 for an average hourly rate charged of $899.82/hour. · currency: · invoices: tax: 36700.35 · date: 2025-09-11 · fees: 282275 · quote: 102900002747 | 9/11/2025 | 282,275.00 | 35.40 | 36,700.35 | 319,010.75 | 313.70 | 899.82 · total: 319010.75 · period end: 2025-08-31 · average rate: 899.82 · period start: 2025-08-01 · disbursements: 35.4 · firm text: FTI Consulting Canada Inc. · firm quote: SUPPLEMENT TO THE EIGHTH REPORT OF FTI CONSULTING CANADA INC., AS MONITOR · hours total: quote: Total hours invoiced by the Monitor in this period were 313.70 for an average hourly rate charged of $899.82/hour. · value: 313.7 · context quote: SUPPLEMENT TO THE EIGHTH REPORT OF FTI CONSULTING CANADA INC., AS MONITOR
- operational summaryThe CCAA Parties' businesses have been sold and there are no remaining business activities; only wind-down activities remain (tax filings, records retention). The Monitor seeks a stay extension to January 30, 2026, authority for Canadian CCAA Parties to make bankruptcy assignments, and further distributions to the Pre-Filing Lenders, who face a significant shortfall.
- professional feesnote: Monitor fees exclude $35.40 disbursements and $36,700.35 HST (total $319,010.75). Cumulative Monitor fees since March 1, 2025: $3,357,423.00 (total $3,822,547.48 incl. disbursements and HST). Osler (Monitor's counsel) for August 2025: fees $67,846.00, disbursements $1,518.83, HST $8,973.36, total $78,338.19; Osler cumulative since Feb 12, 2025: fees $1,259,909.00, total $1,431,927.87. · party: FTI Consulting Canada Inc. (Monitor) · amount: 282275 · period: August 1, 2025 to August 31, 2025 · currency: CAD
- purchaser17208260 Canada Inc.
- recovery outcomeentries: basis: estimated · quote: As noted in the Eighth Report, the Pre-Filing Lenders are expected to face a significant shortfall on repayment of the secured obligations owing under the Existing Credit Agreement. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Pre-Filing Lenders · creditor name: Pre-Filing Lenders · interim final: unstated · claims qualifier: unstated · stated on: 2025-09-26 · table missing:
- report date26 September 2025
- report noSupplement to the Eighth Report