Quebec · CCAA
Monitor's report on the approval of the proposed Claims Process and the proposed Sale or Investor Solicitation Process
Court officer report · 28 January 2020
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 filing4 verified
- operational summaryThe Debtors are advancing their CCAA restructuring: key measures implemented included employee terminations and identification of non-essential contracts, and an agreement in principle was reached to settle the Bond Trustee Litigation. The Monitor recommends approval of a claims process and a sale or investor solicitation process.
- report date28 January 2020
- sale advisorClarksons Platou Securities AS; Financière Banque Nationale
- sale outcometext: Proposed SISP for which the Debtors are seeking approval, not yet approved · scope: whole_business · status: pending_approval