Alberta · CCAA
Sixth Report of the Monitor
Court officer report · 22 April 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 filing1 verified
- recovery outcomeentries: basis: actual · quote: final distributions to the secured creditors of Nick's Repair, 100 Manitoba and Bunzy's totaling approximately $825,000 in full satisfaction of those secured debts · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · amount low: 825000 · amount high: 825000 · class label: secured creditors of Nick's Repair, 100 Manitoba and Bunzy's · interim final: final · claims qualifier: unstated; basis: actual · quote: to TD Bank, as an interim distribution, in the amount of $5.5 million; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 5500000 · amount high: 5500000 · class label: TD Bank (interim distribution) · creditor name: The Toronto Dominion Bank · interim final: interim · claims qualifier: unstated; basis: actual · quote: the Monitor has made a distribution in the amount of approximately $2.0 million to TD Bank based on Final Proceeds collected to date. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 2000000 · amount high: 2000000 · class label: TD Bank (final distribution) · creditor name: The Toronto Dominion Bank · interim final: final · conditional on: Monitor expects additional amounts to be paid once the CARSTAR AR warranty holdback amounts are collected · claims qualifier: unstated; basis: actual · quote: to the Receiver General of Canada in satisfaction of the priority portion of CRA's claim with respect to each of the deemed trust claims and unpaid source deductions owed individually by the Applicants, which totaled $246,080. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: monitor · amount low: 246080 · amount high: 246080 · class label: Receiver General of Canada (CRA deemed trust and source deductions) · creditor name: Receiver General of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2025-04-22 · table missing: