Alberta · CCAA
Fifth Report of the Monitor
Court officer report · 10 December 2024
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: estimated · quote: TD Bank will suffer a shortfall on their secured debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: TD Bank · claims amount: 14100000 · creditor name: TD Bank · interim final: unstated · conditional on: shortfall of at least $6.4 million; total recoveries a maximum of $7.7 million · claims qualifier: unstated · shortfall amount: 6400000; basis: actual · quote: final distributions to the secured creditors of Nick's Repair, 100 Manitoba and Bunzy's totaling approximately $825,000 in full satisfaction of their debt · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · amount low: 825000 · amount high: 825000 · class label: secured creditors of Nick's Repair, 100 Manitoba and Bunzy's · interim final: final · claims qualifier: unstated; basis: actual · quote: to the Receiver General of Canada in full satisfaction of each of the deemed trust claims and unpaid source deductions owed individually by the Applicants which totaled $246,080. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: monitor · amount low: 246080 · amount high: 246080 · class label: Receiver General of Canada (deemed trust claims and unpaid source deductions) · creditor name: Receiver General of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2024-12-10 · table missing: