Ontario · Proposal
Fourth Report of the Trustee (Tween Canada)
Court officer report · 8 October 2021
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 filing5 verified
- cash on handnote: Amount the Trustee holds on behalf of Tween Canada to be paid in accordance with the Proposal; the report gives no specific as-at date for this figure (report dated October 8, 2021). A reserve is held back for administrative fees and expenses of the Trustee, including legal fees. · amount: 838307.54 · currency: CAD
- disbursementsnote: No total disbursements figure is stated. The report states distributions made since the Effective Date to the date of the report: $4,528,766.17 to 30 unsecured creditors (excluding former employees), $190,793.91 to 126 former employees, and $176,349.07 to ESDC for its subrogated WEPP claim. · since: the Effective Date under the Proposal · currency: CAD
- operational summaryTween Canada has ceased operations; all inventory was liquidated, the only remaining asset was cash, and the Trustee is making distributions under the approved Proposal, with a possible voluntary dissolution of the company to follow once distributions are complete.
- report date8 October 2021
- report noFourth Report