Alberta · CCAA
South Simcoe 2022 Annual Report
Court officer report · 31 May 2023
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 filing5 verified
- cash on handnote: Ending cash balance per Exhibit 1.0 statement of receipts and disbursements; opening balance at January 1, 2022 was 290,866. · as at: 2022-12-31 · amount: 108257 · currency: CAD
- operational summarySouth Simcoe is in a CCAA wind-down under the Monitor's enhanced powers. The Far Sight sale has closed except for the Block 142 Lands, which await re-zoning and further negotiations. A second distribution to proven unsecured creditors will follow once Block 142 closes.
- professional feesnote: Described in Note 3 as approximately $42,000. Separately, management fees of 147,173 were paid to WGIL under the Management Agreement. Tax treatment not stated. · party: Monitor, Monitor's legal counsel, and South Simcoe's legal counsel (CCAA professional fees) · amount: 42095 · period: January 1, 2022 to December 31, 2022 · currency: CAD
- report date31 May 2023
- report no2022 Annual Report