Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 10 December 2020
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 filing7 verified
- cash on handnote: Remaining funds held by Monitor (CDN column, D=A+B+C), as of the summary 'To December 2, 2020'; a further US$749.97 is held in the U.S. dollar column. · as at: 2020-12-02 · amount: 1221416.52 · currency: CAD
- disbursementsnote: Total disbursements for post-filing goods/services (CDN column); separate from distributions to creditors of 3,967,273.66 CAD (plus US$1,158,293.78 to Ranger Direct Lending Fund, PLC). US$89.91 of disbursements in the U.S. dollar column. · since: post-filing through December 2, 2020 · amount: 507482.18 · currency: CAD
- operational summary157 Ontario's business was sold to Bridgeline Digital, Inc. in the March 2019 Sale Transaction; the Monitor is holding remaining funds pending finalization of CRA's unsecured claim and a distribution to unsecured creditors, and a stay extension to June 30, 2021 is sought.
- professional feesnote: Monitor fees as disbursed per the summary table; other professional disbursements shown separately: accounting services (41,287.39), legal fees (185,911.81), Claims Officer fees and expenses (15,784.50). HST paid separately (57,178.72). · party: Monitor (Ernst & Young Inc.) · amount: 195169.44 · period: post-filing, to December 2, 2020 · currency: CAD
- receipts cumulativenote: Total receipts received by Monitor (CDN column); a further US$1,159,133.66 shown in the U.S. dollar column. · since: Sale Transaction closing (sale proceeds converted to CAD) through December 2, 2020 · amount: 5696172.36 · currency: CAD
- report date10 December 2020
- report noFifth Report of the Monitor