Ontario · CCAA

Second Report October 18 2006

Court officer report · 18 October 2006

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 filing3 verified

operational summaryThe Monitor reports on a proposed sale of the 330 Humberline Drive property, held by subsidiary Faircove and subject to La Salle's first-ranking $10.5 million charge, as part of a realization strategy to improve recovery for unsecured creditors compared with bankruptcy. The Monitor considers the marketing process extensive and the price commercially reasonable.
report date18 October 2006
report no2nd Report