Nova Scotia · CCAA
Fourth Report of the Monitor dated July 30, 2025
Court officer report · 30 July 2025
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 filing7 verified
- cash on handnote: Ending Cash Balance per Budget to Actuals - Variance Report for Weeks 1-26, January 20, 2025 - July 6, 2025. · as at: 2025-07-06 · amount: 113070 · currency: CAD
- disbursementsnote: Total Cash Disbursements (actual) for Weeks 1-26, January 20, 2025 - July 6, 2025. · since: January 20, 2025 · amount: 1162583 · currency: CAD
- operational summaryThe Company continues day-to-day operations at its terminal and shipyard while pursuing a SISP; a Successful Bidder (Cactus Ship Repair Inc.) has been selected for the Superport Lite assets as a going concern, while no acceptable bids were received for the Survey and Research Vessels.
- professional feesnote: Amount is plus HST; payment deferred to Week 28. Monitor and Monitor's counsel also separately incurred $9,663 and $4,373 (plus HST) respectively in relation to McGregor Equipment costs. · party: Monitor · amount: 72000 · currency: CAD
- receipts cumulativenote: Total Cash Receipts (actual) for Weeks 1-26, January 20, 2025 - July 6, 2025. · since: January 20, 2025 · amount: 1130817 · currency: CAD
- report date30 July 2025
- report noFourth Report