Ontario · CCAA
40th Report of the Monitor
Court officer report · 26 May 2022
Also filed as: 40th Report of the Monitor; 40th Report of the Monitor; 40th Report of the Monitor
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 filing5 verified
- operational summaryThe Monitor continues to wind down the estates by selling remaining assets (parking spots, condominium units), pursuing property tax appeals and litigation claims, negotiating claim settlements (notably with TSCC 2448 and Aviva), and making interim distributions to unsecured creditors; the underlying entities have no ongoing operations or employees.
- professional feesnote: Comprises fees of $38,661, disbursements of $11.06 plus HST of $5,027.39; separately, legal counsel GSNH's fees for Feb 1 - Apr 29, 2022 totaled $95,482.91 (fees $82,555.00, disbursements $1,943.15, HST $10,984.76). · party: Monitor (Fuller Landau Group Inc.) · amount: 43699.45 · period: February 1, 2022 to April 30, 2022 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The initial creditor distribution made by the Monitor in June 2021 paid out the secured claim filed by the City of Toronto in full as well as 56% of the unsecured claims. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · cumulative: false · class label: City of Toronto (secured claim) · creditor name: City of Toronto · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The initial creditor distribution made by the Monitor in June 2021 paid out the secured claim filed by the City of Toronto in full as well as 56% of the unsecured claims. · pct of: unstated · outcome: distribution · pct low: 56 · pct high: 56 · class key: unsecured · stated by: monitor · cumulative: false · class label: Westside unsecured creditors (initial distribution) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: In total the Monitor has paid out just over 81% of unsecured claims. · pct of: unstated · outcome: distribution · pct low: 81 · pct high: 81 · class key: unsecured · stated by: monitor · cumulative: true · class label: Westside unsecured creditors (cumulative to date) · interim final: unstated · claims qualifier: unstated · stated on: 2022-05-26 · table missing:
- report date26 May 2022
- report noFortieth Report