Newfoundland and Labrador · CCAA
Eighteenth Report of the Monitor
Court officer report · 2 October 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The proposed distribution is an amount approximately equal to 21.5% of the claim values awarded to the Accepted Abuse Claimants and the Accepted General Claimants. · pct of: unstated · outcome: distribution · pct low: 21.5 · pct high: 21.5 · class key: unsecured · stated by: monitor · class label: Accepted Abuse Claimants and Accepted General Claimants · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Two hundred and ninety-five (295) Abuse Claims with an aggregate claim value of $105,008,029 have been accepted (the ' Accepted Abuse Claimants '), subject to any adjustments which may arise subsequent to the Monitors assessment of the Omni Information discussed below. The Corporation proposes to release Initial Distribution payments in the aggregate amount of $20,869,076.24 to the Accepted Abuse Claimants and a further $1,680,339.91 subject to testamentary documentation production; · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 20869076.24 · amount high: 20869076.24 · class label: Accepted Abuse Claimants · claims amount: 105008029 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Monitor supports the Corporation's Interim Distribution motion to release $20,869,076.24 to Accepted Abuse Claimants and up to $1,680,339.91 to Testamentary Claimants subject to the production of satisfactory Testamentary Information and $6,860.53 to the General Claimants. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 1680339.91 · amount high: 1680339.91 · class label: Testamentary Claimants · interim final: interim · conditional on: subject to the production of satisfactory Testamentary Information · claims qualifier: unstated; basis: unstated · quote: Consequently, there are 5 General Claimants with aggregate accepted claim values totaling $31,948 who are eligible to participate in the Initial Distribution who are proposed to receive $6,860.53 from the Initial Distribution. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 6860.53 · amount high: 6860.53 · class label: General Claimants · claims amount: 31948 · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Ten (10) Abuse Claims were disallowed without appeal and are not eligible to receive any distribution from this administration; and · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Abuse Claims disallowed without appeal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Dispute Claimants will not receive an Initial Distribution payment as their claims have not yet been accepted or valued. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Dispute Claimants · interim final: unstated · conditional on: their claims have not yet been accepted or valued · claims qualifier: unstated · stated on: 2024-10-02 · table missing: