Ontario · CCAA
Sixth Report of Monitor dated September 16, 2026
Court officer report · 16 September 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 filing9 verified
- cash on handnote: Held by the Monitor on account of the Administrative Reserve (approximately $1,750,000, including estimated professional fees to completion and any bankruptcy of Residual Co.) and the Directors' Charge holdback (CAD$1,310,000, converted to USD). The Administrative Reserve is proposed to be reduced to $550,000. Stated as of the date of the Sixth Report. · amount: 2800000 · currency: USD · qualifier: approximately
- closing confirmedscope: the Transaction · outcome: completed · effective: 2026-05-27 · purchaser: 1001542267 Ontario Inc. · date basis: stated · approval order date: 2026-04-16
- operational summaryResidual Co. is the only remaining Applicant; it is not an operating entity and has no employees. Following the May 27, 2026 closing of the going-concern sale, the proceedings are winding down, with the WEPP relief adjourned and a stay extension sought pending an Ontario Court of Appeal leave decision.
- professional feesnote: Excludes HST; Alix disbursements of CAD$2,411.85 are additional. Monitor's counsel Osler fees for May 7 to August 31, 2026 were CAD$269,280.00 plus disbursements of CAD$876.31 (also excluding HST). These amounts have been, or will be, paid from the Administrative Reserve. · party: AlixPartners Restructuring, Inc. (Monitor) · amount: 79484 · period: May 21, 2026 to August 31, 2026 · currency: CAD
- purchaser1001542267 Ontario Inc.
- report date16 September 2026
- report noSixth Report
- sale advisorOrigin Merchant Partners
- sale outcometext: The Transaction closed on May 27, 2026 · scope: whole_business · status: closed