Ontario · CCAA
Thirty Seventh Report of the Monitor
Court officer report · 20 August 2021
Also filed as: Thirty Seventh Report of the Monitor; Thirty Seventh Report of the Monitor; Thirty Seventh Report of the Monitor; Thirty Seventh Report of the Monitor
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What we verified from this filing5 verified
- operational summaryThe Monitor is winding down the Cumberland 2 Group's estate: distributing sale proceeds to lien and trust claimants, negotiating the sale of the Edge Space, resolving the Tarion/TSCC 2448 performance audit dispute, and selling Westside's remaining parking spots, with only Triangle, Residential and Westside having any ongoing cash flow activity.
- professional feesnote: Comprising fees of $74,956.30, disbursements of $9.28 plus HST of $9,745.53; separately, legal counsel GSNH's fees and disbursements for the same period totalled $85,654.03 (fees of $75,774, disbursements of $27.60 plus HST of $9,852.43). · party: Monitor (Fuller Landau Group Inc.) · amount: 84711.11 · period: May 1, 2021 to July 31, 2021 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: completed distributions to i) secured creditors in full and ii) interim distributions to the unsecured creditors as detailed in the Thirty-Sixth Report; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Westside secured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: completed distributions to i) secured creditors in full and ii) interim distributions to the unsecured creditors as detailed in the Thirty-Sixth Report; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: Westside unsecured creditors · interim final: interim · claims qualifier: unstated; basis: actual · quote: the Monitor has made interim distributions to the secured and unsecured creditors of $1,236,163. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 1236163 · amount high: 1236163 · class label: Westside secured and unsecured creditors · interim final: interim · claims qualifier: unstated; basis: actual · quote: Since the Thirty-Sixth Report, the Monitor received the geothermal settlement proceeds from KSV and distributed $5,476,716 to the 14 accepted Lien Claimants and Trust Claimants. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 5476716 · amount high: 5476716 · class label: accepted Lien Claimants and Trust Claimants · interim final: unstated · claims qualifier: unstated · stated on: 2021-08-20 · table missing:
- report date20 August 2021
- report noThirty Seventh Report