Alberta · CCAA

First Report of the Monitor

Court officer report · 20 November 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

secured creditorsnote: Interim financing charge; amount is facility/charge ceiling, not a drawn balance; initial draw not yet advanced as of Report date · page: 4 · as of: Initial Order date (November 14, 2024) · amount: 500000 · debtor: Debtor Companies · creditor: Pillar Capital Corp. (Interim Lender) · currency: CAD · security: Initial Interim Lender's Charge over the Property, maximum amount $500,000, plus interest, costs and expenses; proposed to be increased to $2,000,000 plus interest, costs and expenses at Comeback Application