Alberta · CCAA
Walton Development and Management (Ontario) GP Ltd. - 2018 Annual Report
Court officer report · 31 May 2019
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: estimated · quote: Based on the Monitor maintaining an Administrative Reserve of $200,000, the Monitor expects to make a distribution to WDM Ontario's unsecured creditors in the amount of approximately $100,000. · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 100000 · amount high: 100000 · class label: WDM Ontario's unsecured creditors · interim final: unstated · conditional on: Distribution pro rata among unsecured creditors with proven claims, expected by September 30, 2019, after maintaining a $200,000 Administrative Reserve and settling $131,440 of professional fee reallocation in June 2019 · currency quote: All references to dollars are in Canadian currency unless otherwise noted. · claims qualifier: unstated; basis: actual · quote: The Riverbend Transaction closed on November 30, 2018 and provided for sufficient funds on closing to fully repay all proven secured claims and unsecured claims, including WDM Ontario. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: all proven secured claims and unsecured claims, including WDM Ontario · interim final: unstated · conditional on: Concerns the Riverbend AMC proceedings, not WDM Ontario's own creditors · claims qualifier: unstated · stated on: 2019-05-31 · table missing: