Ontario · CCAA
Thirty-First Report of the Monitor
Court officer report · 23 March 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 filing4 verified
- operational summaryThe Applicants are no longer operating and substantially all assets were sold; the estate's activity centres on the Monitor and Litigation Trustee advancing the Remaining Estate Actions toward a 2025 trial, collecting minor receivables, and funding costs from the Litigation Funding and Indemnity Reserve.
- professional feesnote: Forecast (not incurred) professional fees; estimate includes costs of the Monitor and its counsel for the April 2023 and September 2023 stay extension motions, monitoring the Remaining Estate Actions and other estate administration matters. Total forecast expenses of $119,000 include $14,000 of operating expenses (including record storage and destruction). · party: Monitor and its counsel (forecast) · amount: 105000 · period: March 26, 2023 to September 16, 2023 · currency: CAD
- report date23 March 2023
- report noThirty-First Report