Alberta · CCAA
Fourth Report of the Monitor (January 5, 2026)
Court officer report · 5 January 2026
What we verified from this filing5 verified
- process resultsbids: 6 · note: Of six bids received, only two were deemed Qualified Bids, one for Arrow VW and one for Castle Ford · as of: 2025-10-24 · qualified bids: 2
- purchaserprice: note: Purchase price redacted from agreement; details in Confidential Supplement · sealed: true · scope: the Arrow VW Transaction · status: proposed · name note: Arrow VW (Volkswagen) dealership purchaser, unnamed in text · structure: assets · name source: recital · relationship: unstated; price: note: Details in Confidential Supplement · sealed: true · scope: the Castle Ford Transaction · status: proposed · name note: Castle Ford dealership purchaser, unnamed in text · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Given the apparent misappropriation of inventory by Mr. Koch before and at the Westcastle Closing Date (which resulted in additional SIV units as the TD Bank debt for those vehicles remains outstanding) and the recently disclosed and registered The Loan Store debt (if valid), there will be a significant shortfall within the Westcastle GMC estates. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: TD Bank · creditor name: TD Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: BMO, who is expected to suffer a significant shortfall on outstanding amounts owed to it by the Debtors (as set out in greater detail below), was consulted throughout the SISP and supports the Transactions; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated · table missing: Based on the Westcastle GMC Sale Proceeds and Remaining Westcastle GMC Sale Proceeds arising from the Westcastle GMC Transactions and subject to maintaining a reserve for disputed funds and the new Court-ordered charges the estimated distribution waterfall ( 'Distribution Waterfall' ) is as follows:
- sale advisorTim Lamb Group
- sale outcometext: SISP resulted in two Qualified Bids, Successful Bids designated for Arrow VW and Castle Ford; Monitor recommends Court approve the Transactions · scope: parcel · status: pending_approval