Quebec · CCAA

First Report to the Court Submitted by Samson Bélair/Deloitte & Touche Inc. in its Capacity as Monitor

Court officer report · 24 October 2014

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 filing3 verified

operational summaryThe Petitioners are in CCAA protection and are funded by a $700K DIP financing, of which only $250K is expected in the near term; the rest depends on obtaining proper insurance coverage. The 13-week cash flow shows a projected shortfall of about $147K that the Companies have not yet secured funding for.
report date24 October 2014
report noFirst Report