Ontario · CCAA
Seventh Report of the Information Officer dated October 26, 2017
Court officer report · 26 October 2017
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: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Percentage Recovery UCI (Shareholder Loans) 36,968 3 29,396 7,572 79.5% Other creditors 13,510 13,510 - 100.0% 50,478 42,906 7,572 85.0% | · pct of: unstated · outcome: distribution · pct low: 79.5 · pct high: 79.5 · class key: equity · stated by: monitor · amount low: 29396000 · amount high: 29396000 · class label: UCI (Shareholder Loans) · claims amount: 36968000 · creditor name: UCI · interim final: unstated · related party: true · claims qualifier: listed · shortfall amount: 7572000; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Percentage Recovery UCI (Shareholder Loans) 36,968 3 29,396 7,572 79.5% Other creditors 13,510 13,510 - 100.0% 50,478 42,906 7,572 85.0% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · stated by: monitor · amount low: 13510000 · amount high: 13510000 · class label: Other creditors · claims amount: 13510000 · interim final: unstated · related party: false · claims qualifier: listed; basis: actual · quote: The table reflects that the Monitor made a distribution of approximately $3.1 million to the Bay CCAA Entities' creditors with admitted claims (33% of the admitted claims). · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 3100000 · amount high: 3100000 · class label: Bay CCAA Entities' creditors with admitted claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Percentage recovery Home buyers 7,114 2,347 4,767 33% Third party creditors 1,047 345 702 33% 8,161 2,692 5,469 33% Intercompany creditors 1,154 381 773 33% 9,315 3,073 6,242 33% | · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 2347000 · amount high: 2347000 · class label: Home buyers · claims amount: 7114000 · interim final: unstated · related party: false · claims qualifier: listed · shortfall amount: 4767000; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Percentage recovery Home buyers 7,114 2,347 4,767 33% Third party creditors 1,047 345 702 33% 8,161 2,692 5,469 33% Intercompany creditors 1,154 381 773 33% 9,315 3,073 6,242 33% | · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 345000 · amount high: 345000 · class label: Third party creditors · claims amount: 1047000 · interim final: unstated · related party: false · claims qualifier: listed · shortfall amount: 702000; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Percentage recovery Home buyers 7,114 2,347 4,767 33% Third party creditors 1,047 345 702 33% 8,161 2,692 5,469 33% Intercompany creditors 1,154 381 773 33% 9,315 3,073 6,242 33% | · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · amount low: 381000 · amount high: 381000 · class label: Intercompany creditors · claims amount: 1154000 · interim final: unstated · related party: true · claims qualifier: listed · shortfall amount: 773000; basis: actual · quote: On June 30, 2017, the Monitor made an interim distribution to UCI in the amount of approximately $29.6 million. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 29600000 · amount high: 29600000 · class label: UCI · creditor name: UCI · interim final: interim · claims qualifier: unstated · stated on: 2017-10-26 · table missing: