Quebec · CCAA
Monitor’s Report on the State of Petitioner’s Financial Affairs and seeking extension of the Initial Order until September 26, 2014 – dated August 18, 2014
Court officer report · 18 August 2014
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 filing7 verified
- cash on handnote: $81,816 held in 2 newly opened accounts in the name of Timbercreek Asset Management; $22,701 held in legacy Casperdiny bank accounts controlled by Asta · as at: 2014-08-08 · amount: 104517 · currency: CAD
- closing confirmedscope: the Timbercreek Transfer · outcome: not_completed · purchaser: Timbercreek · date basis: unstated · approval order date: 2014-07-18
- operational summaryThe Debtors continue to operate the apartment building (Club Sommet) in the normal course, collecting rents and maintaining tenant services, with property administration transitioning from Asta to Timbercreek pending closing of the transfer transaction.
- professional feesnote: primarily for Fasken Martineau and Richter, relative to the on-going CCAA process and closing of the transaction · party: Fasken Martineau and Richter · amount: 49000 · period: August 9 to September 30, 2014 · currency: CAD
- purchaserTimbercreek
- report date18 August 2014
- sale outcometext: Approval and Vesting Order approving the Timbercreek transaction, with closing still pending as of this report · scope: whole_business · status: pending_approval