British Columbia · CCAA
Second Report of the Monitor dated June 19, 2025
Court officer report · 19 June 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 filing6 verified
- cash on handnote: Closing Cash (Actual) at end of Monitoring Period per Variance Analysis table · as at: 2025-06-11 · amount: 286644 · currency: CAD
- financial positionnote: Components only, no consolidated total stated: Vehicle Assets appraised value $5,225,855 (low) to $6,125,023 (high) as at report date; aggregate amount owing on Vehicle Assets (excl. RBC buyout) $2,789,505, estimated net equity $3,054,666 (low) to $3,771,586 (high); Accounts Receivable as of June 11, 2025 totaling $5,069,404 (net of uncollectible amounts); CRA outstanding balance $3,965,643.55 as confirmed by CRA; ICBC arrears reduced to $500,000 as of report date; GST refund claim estimated to exceed $1,000,000. · as at: 2025-06-11 · basis: Management estimates / desktop appraisal (Vehicle Assets) and Statement of Affairs-type components; not audited or reviewed by Monitor · scope: entity - VK Group (V K Delivery & Moving Services Ltd., Product Line Holdings and Logistics Ltd., VK 24/7 Logistics Solutions Ltd., VK Linehaul Ltd.), combined/aggregate figures reported per category · currency: CAD
- operational summaryThe VK Group continues to operate in the ordinary course of business, negotiating with suppliers, paying down ICBC arrears, and pursuing refinancing options while trade creditors are paid on a C.O.D. basis.
- professional feesnote: Actual disbursements for Professional fees line item during Monitoring Period vs. budget of $23,000 · party: Monitor and/or professionals (as per Variance Analysis 'Professional fees' line) · amount: 37390 · period: May 22, 2025 to June 11, 2025 · currency: CAD
- report date18 June 2025
- report noSecond Report