Quebec · NOI
First Trustee's Report
Court officer report · 27 September 2024
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What we verified from this filing7 verified
- cash on handnote: Opening balance of 12-week cash flow forecast for week 1 ending 9/27/2024, forecast figure not an actual statement of estate cash · as at: 2024-09-27 · amount: 639043 · currency: CAD
- operational summaryThe Business continues to operate at a reduced scale following cost-cutting measures (subletting the Toronto office, layoffs) while pursuing a restructuring and sale/solicitation process for the business as a going concern.
- professional feesnote: Forecast professional fees included in 12-week cash flow forecast; comprised of Trustee and counsel fees related to NOI procedures · party: Trustee and counsel · amount: 100000 · period: September 23 to December 13, 2024 (forecast) · currency: CAD
- report date27 September 2024
- report noFirst Report
- sale advisorKPMG Inc.
- sale outcometext: The Debtor seeks an order authorizing a sale and solicitation process to market the Business and related assets. · scope: whole_business · status: process_approved