Alberta · CCAA
Second Report of the Monitor
Court officer report · 23 August 2005
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 filing2 verified
- secured creditorsnote: Document states AIC's books and records indicate it 'currently owes MFIT in excess of $6.2 million'; described as floor via 'in excess of'; also described as 'the only secured creditor and the largest stakeholder' · page: 6 · amount: 6200000 · debtor: Action International Canada Inc. · creditor: Master Franchise Income Trust L.P. (MFIT) · currency: CAD
- unsecured creditorsnote: Described as AIC's next largest creditor; amount is approximate ('approximately $160,000') and unconfirmed · page: 6 · basis: AIC's books and records; approximate figure, subject to verification and confirmation through the proof of claims process · amount: 160000 · debtor: Action International Canada Inc. · creditor: Action International PTY Ltd. (AIPL) (including related entities) · currency: CAD