Ontario · CCAA
Tenth Report of the Monitor
Court officer report · 25 September 2026
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 filing5 verified
- secured creditorsnote: Described as the Applicants' 'senior secured creditor'; the Applicants filed in part to pay out this creditor. No balance or security details are stated on these pages. · page: 3 · debtor: Applicants (World Wide Carriers group) · creditor: Bank of Montreal · currency: CAD
- secured creditorsnote: Factoring counterparty rather than a stated secured lender. Receivables collected under the Carrier Claims Process are held in a 'BVD AR Collections Reserve' ($377,000 at 2026-09-19, net of carrier claims paid). Customers owed receivables of CAD$509,523.14 paid to the Monitor by three customers. No debt balance owed to BVD Capital is stated. · page: 4 · debtor: Applicants · creditor: BVD Capital Corporation · currency: CAD · security: Factoring arrangement; Receivables purchased by BVD Capital
- unsecured creditorsnote: Aggregate submitted by 14 Carriers. Monitor has allowed or partially allowed $147,665.00 and paid $132,115.00 to date; 3 Notices of Objection received (2 resolved); 4 claims remain to be determined. These are asserted statutory trust claims against funds, not adjudicated unsecured debt. · page: 8 · basis: Carrier Trust Claims submitted by the deadline under the Carrier Claims Process (trust claims under the Highway Traffic Act, not ordinary unsecured claims) · amount: 360427.5 · debtor: Applicants · creditor: Carriers asserting Carrier Trust Claims (14 carriers) · currency: CAD
- secured creditorsnote: Described as 'its secured claim (as discussed in the Prior Reports)'. $728,000 is an approximate payment made by WWC to Daimler during the period (unfavourable contingency variance), not an outstanding balance; the remaining balance is not stated. · page: 26 · as of: 14-week period ended 2026-06-20 · amount: 728000 · debtor: World Wide Carriers Ltd. (WWC) · creditor: Daimler · currency: CAD
- secured creditorsnote: This is a FORECAST ending DIP balance (opening $2,235,207 + advances $200,000 + interest $52,708) from the Sixth Revised Cash Flow Forecast, not an actual balance. Interim/DIP financing is post-filing, not pre-filing capital structure. The lender is not named on these pages. Actual DIP advances in the 13 weeks to 2026-09-19 were $273,150. · page: 27 · as of: 2026-10-03 (forecast ending DIP balance) · amount: 2487915 · debtor: Applicants · creditor: DIP lender (not named on these pages) · currency: CAD