Alberta · CCAA
Twenty-first Report of the Monitor, filed June 24, 2015
Court officer report · 24 June 2015
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Monitor supports UBG's application for an interim distribution of $601,000 to the investors. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 601000 · cumulative: false · amount high: 601000 · class label: South Terwillegar investors · creditor name: Unity Investments · interim final: interim · conditional on: Should additional funds eventually be available from the holdbacks noted above, a second distribution will be made to the investors. · currency quote: All amounts in CAD$ · claims qualifier: unstated; basis: estimated · quote: Based on this analysis, the Monitor anticipates that creditors with accepted claims will be paid out in full and that approximately $3.4 million will be available for the equity holders. · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: unsecured · stated by: monitor · class label: creditors with accepted claims (VOP) · interim final: unstated · currency quote: All amounts in CAD$ · claims qualifier: unstated; basis: estimated · quote: Based on this analysis, the Monitor anticipates that creditors with accepted claims will be paid out in full and that approximately $3.4 million will be available for the equity holders. · pct of: unstated · outcome: distribution · currency: CAD · class key: equity · stated by: monitor · amount low: 3400000 · amount high: 3400000 · class label: equity holders (VOP) · interim final: unstated · currency quote: All amounts in CAD$ · claims qualifier: unstated; basis: estimated · quote: The Unit Holders are the only creditor that will see any recovery upon the completion of the Fennell Offer, and will experience a significant shortfall on their debt. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: monitor · class label: Unit Holders (Murals) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: | % distribution to unsecured creditors | 100% | · pct of: unstated · outcome: paid_in_full · pct low: 100 · currency: CAD · pct high: 100 · class key: unsecured · stated by: monitor · class label: accepted unsecured claims (VOP) · claims amount: 382183 · interim final: unstated · currency quote: All amounts in CAD$ · claims qualifier: listed · stated on: 2015-06-24 · table missing: