Ontario · CCAA
Seventeenth Report of the Monitor dated July 14, 2017
Court officer report · 14 July 2017
Also filed as: Ninth Report of the Monitor dated July 14, 2017
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 filing1 verified
- recovery outcomeentries: basis: unstated · quote: | Priority Creditors, including Deposits | 9,457 | 100% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 9457000 · amount high: 9457000 · class label: Priority Creditors, including Deposits · interim final: unstated · currency quote: unless otherwise noted · claims qualifier: unstated; basis: unstated · quote: | Other Unsecured Creditors | 4,053 | 100% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · amount low: 4053000 · amount high: 4053000 · class label: Other Unsecured Creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | UCI (re Shareholder Loans) | 29,396 | 79.5% | · pct of: unstated · outcome: distribution · pct low: 79.5 · pct high: 79.5 · class key: equity · stated by: monitor · amount low: 29396000 · amount high: 29396000 · class label: UCI (re Shareholder Loans) · creditor name: UCI · interim final: unstated · related party: true · conditional on: Shareholder Loans subordinated to repayment of Permitted Amounts · claims qualifier: unstated; basis: actual · quote: | Total recommended Cumberland Distribution | 42,906 | 85.0% | · pct of: unstated · outcome: distribution · pct low: 85 · pct high: 85 · stated by: monitor · amount low: 42906000 · amount high: 42906000 · class label: Total recommended Cumberland Distribution · claims amount: 50478000 · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Cumberland Distribution will pay in full all admitted unsecured claims, including amounts owing in respect of Deposits on Patricia, St. Clair, Mallow and Lawrence. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Cumberland Entities' creditors (admitted unsecured claims) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The table reflects that the Monitor made a distribution of approximately $3.1 million to the Bay CCAA Entities' creditors with admitted claims (33% of the admitted claims). · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 3100000 · amount high: 3100000 · class label: Bay CCAA Entities' creditors with admitted claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Bay CCAA Entities' creditors recovery if all disputed claims are admitted | 33% | · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · class label: Bay CCAA Entities' creditors recovery if all disputed claims are admitted · interim final: unstated · conditional on: if all disputed claims are admitted · claims qualifier: unstated; basis: unstated · quote: The recoveries, if any, cannot be quantified at this time. · pct of: unstated · outcome: undetermined · stated by: monitor · class label: Kingsclub Development recoveries · interim final: unstated · claims qualifier: unstated · stated on: 2017-07-14 · table missing: