Ontario · CCAA
Motion Record returnable October 30, 2023
Application / notice of application · 20 October 2023
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: On August 4, 2021, the Court granted an order approving the Distribution Methodology and an interim distribution of approximately $112.5 million to creditors of certain Applicants with proven claims, as determined in the claims process. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 112500000 · cumulative: false · amount high: 112500000 · class label: creditors of certain Applicants with proven claims · interim final: interim · claims qualifier: proven; basis: actual · quote: The Interim Distribution Order approved an interim distribution (the ' Interim Distribution ') in an amount of approximately $112.3 million to be made to Claimants with Proven Claims of certain Applicants (the ' Distributing Applicants '), as described in the Thirty-Fourth Report and the Interim Distribution Order. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 112300000 · cumulative: false · amount high: 112300000 · class label: Claimants with Proven Claims of certain Applicants (Distributing Applicants) · interim final: interim · claims qualifier: proven; basis: actual · quote: As of September 30, 2023, interim distributions of approximately $12.7 million have been made to subcontractors with Proven Priority Claims to the Bremner Project Settlement Proceeds Reserve and the Niagara Project Settlement Proceeds Reserve. · pct of: unstated · outcome: distribution · class key: preferred · stated by: monitor · amount low: 12700000 · amount high: 12700000 · class label: subcontractors with Proven Priority Claims (Bremner and Niagara Project Settlement Proceeds Reserves) · interim final: interim · claims qualifier: proven; basis: actual · quote: In addition, pursuant to the Interim Distribution Order and the Stay Extension and Interim Distribution Order, during this reporting period, the Applicants, with the assistance of the Monitor, made interim distributions of approximately $14,000 to general unsecured creditors of the Applicants with Proven Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 14000 · cumulative: false · amount high: 14000 · class label: general unsecured creditors of the Applicants with Proven Claims · interim final: interim · claims qualifier: proven; basis: actual · quote: Since the Interim Distribution Order was granted in August 2021, the Applicants have distributed approximately $70.5 million to claimants with Proven Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 70500000 · amount high: 70500000 · class label: claimants with Proven Claims · interim final: interim · claims qualifier: proven; basis: actual · quote: Further, as described earlier herein, the Applicants made interim distributions of approximately $12.7 million, including approximately $8.4 million in this cash flow period to subcontractors with Proven Lien Claims against the Bremner Project and Proven Priority Claims against the Niagara Project. · pct of: unstated · outcome: distribution · class key: preferred · stated by: monitor · amount low: 12700000 · amount high: 12700000 · class label: subcontractors with Proven Lien Claims against the Bremner Project and Proven Priority Claims against the Niagara Project · interim final: interim · claims qualifier: proven · stated on: 2023-10-20 · table missing: