Quebec · CCAA
Eighth Report of the Monitor
Court officer report · 14 October 2025
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What we verified from this filing8 verified
- closing confirmedscope: all of Stokes' inventory and intellectual property, and the assignment of certain leases in respect of 73 stores · outcome: completed · effective: 2024-12-23 · purchaser: Hart Stores Inc. · date basis: stated · approval order date: 2024-12-23
- operational summaryPost-Transaction retail operations are fully funded and conducted by the Purchaser (Hart Stores), while the Applicant continues limited wind-down activities including claims processing, cut-off reconciliations, and preparation for plan implementation and distributions.
- professional feesnote: Represents a favourable variance (timing difference) in professional fees disbursements versus forecast, expected to reverse. · party: McCarthy, EY and Davies (CCAA professionals) · amount: 132000 · period: nine weeks ended October 11, 2025 · currency: CAD
- purchaserHart Stores Inc.
- recovery outcomeentries: basis: plan · quote: There are 111 Convenience Creditors, including the two (2) late claims described in paragraph 39, (representing 60% in number of the Affected Creditors) that will receive a distribution equal to 100% of their Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · class label: Convenience Creditors · interim final: unstated · currency quote: In $CAD · claims qualifier: unstated; basis: estimated · quote: An aggregate amount of $1,110K represents the Convenience Amount to be distributed and, for Non-Convenience Creditors, an additional estimated amount of $282K will be distributed on a Pro-Rata basis. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 282000 · amount high: 282000 · class label: Non-Convenience Creditors · interim final: unstated · currency quote: $282K · claims qualifier: unstated · stated on: 2025-10-14 · table missing:
- report date14 October 2025
- report noEighth Report
- sale outcometext: The Transaction between Hart Stores and Stokes has closed with an effective closing date of December 23, 2024. · scope: whole_business · status: closed