Quebec · CCAA
Application for the Issuance of a Distribution Order
Application / notice of application · 8 April 2026
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: Considering that the Lending Syndicate's indebtedness will not be repaid in full from the Sale Proceeds, there will be no amount available for distribution to any other secured or unsecured creditors of the Debtors. · pct of: unstated · outcome: nil · class key: secured · stated by: monitor · class label: other secured or unsecured creditors of the Debtors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: ln light of the foregoing, the Monitor hereby proposes an immediate distribution from the Sale Proceeds to the Lending Syndicate in the amount of $33,307,000 in partial repayment of its indebtedness, which amount constitutes the entirety of the balance of the Sale Proceeds less the following reserves: · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 33307000 · amount high: 33307000 · class label: Lending Syndicate · creditor name: Lending Syndicate · interim final: unstated · claims qualifier: unstated · table missing: