Newfoundland and Labrador · CCAA
Twenty-Seventh Report of the Monitor
Court officer report · 22 October 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 filing4 verified
- closing confirmedscope: 132 real property transactions (gross sales proceeds exceeding $32.8 million) · outcome: completed · date basis: unstated
- purchaserARC
- recovery outcomeentries: basis: actual · quote: has resulted in all Accepted Claimants receiving 30.23189% of their respective Proven Claims, other than four deceased estate claims where satisfactory testamentary documentation has not yet been provided. · pct of: proven_claims · outcome: distribution · pct low: 30.23189 · pct high: 30.23189 · class key: unsecured · stated by: monitor · amount low: 36500000 · amount high: 36500000 · class label: Accepted Claimants · interim final: unstated · conditional on: other than four deceased estate claims where testamentary documentation has not yet been provided · claims qualifier: unstated; basis: actual · quote: Accepted Claimants have now recovered varying balances through the CCAA administration ranging between 30.23189% and 92.79375% of their respective Claim Awards depending upon the category allocation of each Accepted Claimant within the Settlement Agreement. · pct of: unstated · outcome: distribution · pct low: 30.23189 · pct high: 92.79375 · class key: unsecured · stated by: monitor · class label: Accepted Claimants · interim final: unstated · conditional on: depending upon the category allocation of each Accepted Claimant within the Settlement Agreement · claims qualifier: unstated; basis: plan · quote: such that Accepted Claimants will receive between 32.9% and 95.4% of their respective Net Claims Officer Awards. · pct of: unstated · outcome: distribution · pct low: 32.9 · pct high: 95.4 · class key: unsecured · stated by: monitor · amount low: 3200000 · amount high: 3200000 · class label: Accepted Claimants (Pro Rata Methodology) · interim final: unstated · conditional on: if the Third Distribution is approved by the Court under the Pro Rata Methodology · claims qualifier: unstated; basis: plan · quote: narrows the CCAA distribution recovery range to 40.9% and 92.8%. · pct of: unstated · outcome: distribution · pct low: 40.9 · pct high: 92.8 · class key: unsecured · stated by: monitor · amount low: 3200000 · amount high: 3200000 · class label: Accepted Claimants (Narrowing Methodology) · interim final: unstated · conditional on: if the Third Distribution is approved by the Court under the Narrowing Methodology · claims qualifier: unstated · table missing:
- sale outcometext: As at September 17, 2026, 132 real property transactions had closed; 7 properties remain, 2 under agreements of purchase and sale and 5 listed with realtors. Unsold property will vest in the Trustee in Bankruptcy. · scope: liquidation · status: liquidation_in_progress