Ontario · CCAA
Third Report of the Monitor November 10 2006
Court officer report · 10 November 2006
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 filing8 verified
- closing confirmedscope: Pool Equipment Assets · outcome: completed · effective: 2006-10-18 · purchaser: 662671 Canada Inc. · date basis: stated · approval order date: 2006-10-17; scope: residual equipment in the Above Ground Pool division · outcome: completed · effective: 2006-10-18 · purchaser: Northern Light Recreation Co · date basis: stated · approval order date: 2006-10-17; scope: the Property · outcome: completed · effective: 2006-10-24 · purchaser: Strathallen Acquisitions Inc. · date basis: stated · approval order date: 2006-10-19
- disbursementsnote: Described as approximately US$1,201,000 for the Reporting Period, less than forecast. · since: weeks ending October 14, 2006 to November 4, 2006 (the Reporting Period) · amount: 1201000 · currency: USD
- operational summaryCantar is conducting an orderly wind-down of its business and realizing assets, having closed sales of its Pool Equipment division, residual Above Ground Pool assets and the Toronto property, and is collecting receivables while the LaSalle Minimum Amount has been paid down to about US$498,000.
- purchaser662671 Canada Inc.; Northern Light Recreation Co; Strathallen Acquisitions Inc.
- receipts cumulativenote: Described as approximately US$8,482,000, US$107,000 below the October 17 Forecast; this is a Reporting Period figure, not since the Initial Order. · since: weeks ending October 14, 2006 to November 4, 2006 (the Reporting Period) · amount: 8482000 · currency: USD
- report date10 November 2006
- report noThird Report
- sale outcometext: three separate transactions representing a key part of the realization program to pay down the LaSalle Minimum Amount have been approved and closed · scope: liquidation · status: closed