Quebec · CCAA
Fifteenth Report of the Monitor
Court officer report · 14 February 2018
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 filing9 verified
- cash on handnote: Ending cash balance for the 22-week period ended January 27, 2018 per statement of receipts and disbursements. · as at: 2018-01-27 · amount: 22737 · currency: CAD
- closing confirmedscope: Bluberi's operating assets · outcome: completed · purchaser: Callidus Capital Corporation, 2515443 Ontario Limited (BGT III Canada Inc.), and BGT III Inc. · date basis: unstated
- disbursementsnote: Actual PP Cash Amount disbursements made by the Monitor during the period from February 7, 2017 to January 27, 2018, including $54,774 (or $50,168 net of interest) from August 27, 2017 to January 27, 2018. · since: February 7, 2017 · amount: 826205 · currency: CAD
- operational summaryFormer Bluberi has no ongoing commercial operations following the 2017 sale of its operating assets to the Purchasers; its only remaining assets are the Retained Claims (primarily against Callidus), which it is seeking to fund and pursue through proposed litigation financing, while the CCAA proceedings continue amid disputes over competing plans of arrangement.
- purchaserCallidus Capital Corporation, 2515443 Ontario Limited (BGT III Canada Inc.), and BGT III Inc.
- recovery outcomeentries: basis: actual · quote: These priority claims, of which a large portion is made up of Bluberi employees' unpaid claims and certain tax claims, have been paid. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: monitor · class label: priority claims (Bluberi employees' unpaid claims and certain tax claims) · interim final: unstated · claims qualifier: unstated · table missing:
- report date14 February 2018
- report noFifteenth Report of the Monitor
- sale outcometext: Bluberi's operating assets were sold and the transaction closed · scope: whole_business · status: closed