Ontario · CCAA
Ninth Report of the Monitor
Court officer report · 22 September 2022
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: Remaining funds held by Monitor per the summary table 'To September 7, 2022'; to be used for pre/post-closing obligations, professional fees and a distribution to unsecured creditors. A US$ column shows a remaining balance of nil. · as at: 2022-09-07 · amount: 1340082.91 · currency: CAD
- disbursementsnote: Disbursements for post-filing goods/services only (CDN column, 'B'); a separate US$ column shows 89.91. Distributions to creditors of 3,967,273.66 CAD (plus US$1,158,293.78) are reported separately and are not included here. · since: closing of the Sale Transaction (March 13, 2019) through September 7, 2022 · amount: 723943.26 · currency: CAD
- operational summary157 Ontario sold its business in the March 2019 Sale Transaction and is in wind-down, with the estate pursuing an appeal of a CRA tax assessment and seeking a stay extension to June 30, 2023; remaining funds are held for obligations, fees and an eventual unsecured creditor distribution.
- professional feesnote: Monitor fees only. Other post-filing professional disbursements in the same table: accounting services (53,597.30), legal fees (255,436.24), Claims Officer fees and expenses (15,784.50). HST paid is shown separately at 81,927.63. · party: Monitor (Ernst & Young Inc.) · amount: 300714.66 · period: post-filing, to September 7, 2022 · currency: CAD
- receipts cumulativenote: CDN-side 'Total receipts received by Monitor A'; a separate US$ column shows 1,158,383.69 of receipts. · since: closing of the Sale Transaction (March 13, 2019) through September 7, 2022 · amount: 6031299.83 · currency: CAD
- report date22 September 2022
- report noNinth Report of the Monitor