Alberta · CCAA
WAM GP 2022 Annual Report
Court officer report · 31 May 2023
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 filing6 verified
- cash on handnote: Ending cash balance per Exhibit 1.0, presented in thousands of CAD (252); opening balance at January 1, 2022 was 2,819 (thousands). · as at: 2022-12-31 · amount: 252000 · currency: CAD
- operational summaryWAM GP no longer has any business or employees and generates no revenue. Its remaining assets are management-fee receivables from other Walton Group members, which the Monitor is collecting to fund distributions to proven unsecured creditors.
- professional feesnote: CCAA professional fees of 27 (thousands) paid during the Reporting Period; no management fees were paid to WGIL. · party: WAM GP's legal counsel, the Monitor, and the Monitor's legal counsel · amount: 27000 · period: January 1, 2022 to December 31, 2022 · currency: CAD
- recovery outcomeentries: basis: actual · quote: In 2022, the Monitor on behalf of WAM GP made a fourth distribution to the proven unsecured creditors of WAM GP in the amount of $2.8 million. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 2800000 · cumulative: false · amount high: 2800000 · class label: proven unsecured creditors · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: Later in the Reporting Period, a fifth distribution to the proven unsecured creditors of WAM GP was completed in the amount of $0.8 million. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · cumulative: false · class label: proven unsecured creditors · interim final: unstated · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated · stated on: 2023-05-31 · table missing:
- report date31 May 2023
- report no2022 Annual Report