Quebec · CCAA
Drieëntwintigste Verslag Aan De Rechtbank Verslag Van De Monitor Aan De Betrokken Schuldeisers T.A.V. Het Plan Dat Door Samson Bélair/Deloitte & Touche Inc. In Haar Hoedanigheid Van Monitor Is Overgelegd
Court officer report · 8 May 2013
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 filing27 verified · 2 withheld
- applicantHOMBURG INVEST INC.
- appointeeSamson Bélair/Deloitte & Touche Inc.
- appointee roleMonitor
- court file no500-11-041305-117
- provinceQUEBEC
- statutory basisCompanies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, zoals gewijzigd
- unsecured creditorsnote: Deeply subordinated (Capital Securities Trust Indenture); no distribution expected as senior debt cannot be paid in full; original filed claim €29,535,152.92, with $3,072,909.34 excluded per Notice of Revision or Disallowance · page: 10 · as of: 2013-05-08 · basis: Verzoek tot erkenning van vordering / claims process · amount: 37171690 · debtor: Homburg Invest Inc. · creditor: Capital Securities holders (Stichting Homburg Capital Securities) · currency: CAD
- unsecured creditorsnote: Ordinary/unsecured proven claim recognized as part of settlement; approximate figure per para 92(ii); exact figures $1,200,000 and $392,920.66 per page 42 note (10), totaling $1,592,920.66 · page: 11 · as of: Cominar-Schikking (2013-02-06) · basis: Cominar-Schikking (settlement agreement noted by Court) · amount: 1600000 · debtor: Homburg Invest Inc. · creditor: Cominar-Groep (post-settlement accepted unsecured claim against HII) · currency: CAD
- unsecured creditorsnote: Most claims litigious and/or conditional or unliquidated; total exceeds $67 million, including claims against Homco 190, Homco 191 and Homco 199 for more than $18 million; later settled per Cominar-Schikking · page: 11 · as of: 2013-05-08 · basis: Verzoeken tot erkenning van vordering (proof of claim) · amount: 67000000 · debtor: Various HII-Groepsmaatschappijen (including Homco 190, Homco 191, Homco 199) · creditor: Cominar-Groep (Cominar REIT affiliated entities) · currency: CAD
- unsecured creditorsnote: Subordination to Senior Debt (Mortgage Bond and Corporate Bond claims) disputed and subject to pending court determination (Taberna-Beschikking); amount not stated on these pages · page: 11 · basis: Verzoek tot Erkenning van Vordering (proof of claim) · debtor: Homburg Invest Inc. · creditor: Taberna debenture holders (Wells Fargo, as trustee) · currency: CAD
- unsecured creditorsnote: Government claim; filed amount $2,914,108.74; disallowed $1,864,807.26; accepted amount paid via set-off of amounts owed to HII post-filing · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process · amount: 1049301.48 · debtor: Homburg Invest Inc. · creditor: Minister van overheidsinkomsten (Minister of National Revenue / CRA) · currency: CAD
- unsecured creditorsnote: Subtotal accepted amount for this listed subgroup; filed subtotal $157,397,078.98; disallowed subtotal $2,510,328.56 · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, subtotal as reported · amount: 1174918.85 · debtor: Homburg Invest Inc. · creditor: Subtotal of listed 'Overig' claimants (163086 Canada Inc., DEGI Homburg Harris LP, City of Charlottetown, FGH Bank N.V., Homburg Canada Inc., Homco Realty Fund (68) LP, Island Investment Development Inc., Minister van overheidsinkomsten, Valbonne Real Estate BV) · currency: CAD
- unsecured creditorsnote: Total filed/revised amount $1,677,919,392.02; reduced/withdrawn $365,948,289.32; disallowed $135,515,305.72; total accepted $1,022,743,965.41; includes intercompany and duplicate claims per para 117; aggregate figure includes secured, unsecured and other claim types not separately itemized on this page · page: 41 · as of: 2013-04-30 · basis: Overzicht Verificatieprocedure - total accepted amount as reported · amount: 1022743965.41 · debtor: Homburg Invest Inc. · creditor: All claims against Homburg Invest Inc. (aggregate as reported in Verificatieprocedure) · currency: CAD
- unsecured creditorsnote: Related party; filed amount $62,567,226.30; accepted amount 'not yet known'; closely intertwined with Homco 68 claim, only one expected to be accepted · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: Valbonne Real Estate BV · currency: CAD
- unsecured creditorsnote: Filed amount $340,138.67; reduced/disallowed $216,610.80 · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, accepted amount as estimated by Monitor · amount: 123527.87 · debtor: Homburg Invest Inc. · creditor: 163086 Canada Inc. · currency: CAD
- unsecured creditorsnote: Filed amount $11,191,349.93; accepted amount 'not yet known' · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: DEGI Homburg Harris LP · currency: CAD
- unsecured creditorsnote: Filed amount $431,000.00; disallowed $428,910.50; Notice of Revision final (appeal period lapsed) · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, Monitor determination final · amount: 2089.5 · debtor: Homburg Invest Inc. · creditor: City of Charlottetown · currency: CAD
- unsecured creditorsnote: Filed amount $6,813,000.00; accepted amount 'not yet known' · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: FGH Bank N.V. · currency: CAD
- unsecured creditorsnote: Related party; filed amount $3,307,575.00; accepted amount 'not yet known' · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: Homburg Canada Inc. · currency: CAD
- unsecured creditorsnote: Related party; filed amount $40,717,935.34; accepted amount 'not yet known'; closely intertwined with Valbonne claim, only one expected to be accepted · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: Homco Realty Fund (68) LP · currency: CAD
- unsecured creditorsnote: Filed amount $29,114,745.00; accepted amount 'not yet known'; Notice of Revision sent for part of claim on 2013-03-21, new information under review · page: 41 · as of: 2013-04-30 · basis: Verificatieprocedure - claims process, review not yet complete · debtor: Homburg Invest Inc. · creditor: Island Investment Development Inc. · currency: CAD
- unsecured creditorsnote: Related party (intercompany); contingent upon approval and implementation of both HII/Shareco Plan and Homco 61 Plan · page: 42 · as of: conditional on Plan approval and implementation · basis: Intercompany claim per Plans · amount: 62396505 · debtor: Homburg Invest Inc. · creditor: Homco 61 LP (Net Intercompany Vordering Homco 61) · currency: CAD
- unsecured creditorsnote: Filed/revised amount $45,997,119.83; disallowed $2,822,299.81; claim for distribution purposes is a 'deficiency claim' netted against Homco 61 LP's proportionate share of the Homco 61 Distribution; also constitutes claim against HII · page: 43 · as of: HII filing date (Datum van Indiening HII) · basis: Overzicht Verificatieprocedure - accepted amount (voting claim) · amount: 43174820.02 · debtor: Homburg Shareco Inc. · creditor: Stichting Homburg Bonds - HMB_6 (Bond 6 / Corporate Bond Series 6) · currency: CAD
- unsecured creditorsnote: Total filed/revised amount $150,823,196.77; disallowed $9,167,440.13; no reduction/withdrawal reported · page: 43 · as of: 2013-04-30 · basis: Overzicht Verificatieprocedure - total accepted amount as reported · amount: 141655756.64 · debtor: Homburg Shareco Inc. · creditor: All bond and corporate claims against Homburg Shareco Inc. (aggregate, HMB Series 4-7) · currency: CAD
- unsecured creditorsnote: Filed/revised amount $45,882,601.58; disallowed $2,728,475.63; also constitutes claim against HII; accepted amount reduced by net proceeds from Homco 88 security · page: 43 · as of: HII filing date (Datum van Indiening HII) · basis: Overzicht Verificatieprocedure - accepted amount · amount: 43154125.95 · debtor: Homburg Shareco Inc. · creditor: Stichting Homburg Bonds - HMB_7 (Mortgage Bond Series 7) · currency: CAD
- unsecured creditorsnote: Filed/revised amount $29,471,737.68; disallowed $1,808,332.35; also constitutes claim against HII; accepted amount reduced by net proceeds from Homco 52 security · page: 43 · as of: HII filing date (Datum van Indiening HII) · basis: Overzicht Verificatieprocedure - accepted amount · amount: 27663405.33 · debtor: Homburg Shareco Inc. · creditor: Stichting Homburg Bonds - HMB_4 (Mortgage Bond Series 4) · currency: CAD
- unsecured creditorsnote: Filed/revised amount $29,471,737.68; disallowed $1,808,332.34; also constitutes claim against HII; €2,250,000 portion is Unaffected Claim per Supplemental Indenture dated 2012-11-05; secured Bond 5 collateral (pledge of HII interests in Homco 69/70) to be released upon EUR2.25M one-time cash payment plus guarantee of at least 50% total recovery · page: 43 · as of: HII filing date (Datum van Indiening HII) · basis: Overzicht Verificatieprocedure - accepted amount · amount: 27663405.34 · debtor: Homburg Shareco Inc. · creditor: Stichting Homburg Bonds - HMB_5 (Mortgage Bond Series 5) · currency: CAD
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.