British Columbia · CCAA
Fourth Report of the Monitor dated Jan. 13, 2021
Court officer report · 13 January 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- closing confirmedscope: two pieces of the equipment at the OK Falls Property · outcome: completed · date basis: unstated · approval order date: 2020-12-11
- purchaserprice: note: for two pieces of equipment, plus GST · basis: cash · amount: 105000 · sealed: false · currency: CAD · scope: residual assets located at the OK Falls Property · status: closed · name note: purchaser(s) of the residual assets at the OK Falls Property sold via private sale by Maynards; unnamed · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: plan · quote: all Crown Priority Claims that were outstanding as at the Filing Date shall be paid in full by the Monitor on behalf of the Petitioners, from the Priority Claim Reserve, within six months after the Sanction Order, as required by subsection 6(3) of the CCAA; and · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Crown Priority Claims · interim final: unstated · conditional on: Effective Time occurring; within six months after the Sanction Order · claims qualifier: unstated; basis: plan · quote: Claimants with Disputed Claims on the Effective Date shall not be entitled to receive any distribution hereunder with respect to such Disputed Claim unless and until such Disputed Claim becomes an Affected Claim. · pct of: unstated · outcome: nil · stated by: debtor · class label: Disputed Claims · interim final: unstated · conditional on: unless and until such Disputed Claim becomes an Affected Claim · claims qualifier: unstated · table missing:
- sale advisorMaynards Industries Canada Ltd.
- sale outcometext: Maynards engaged to liquidate residual assets located at the OK Falls Property via private sale, successful in selling two pieces of equipment · scope: liquidation · status: liquidation_in_progress