Ontario · CCAA
Thirty Sixth Report of the Monitor
Court officer report · 21 May 2021
Also filed as: Thirty Sixth Report of the Monitor; Thirty Sixth Report of the Monitor; Thirty Sixth Report of the Monitor; Thirty Sixth Report of the Monitor; Thirty Sixth Report of the Monitor May 21, 2021
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What we verified from this filing6 verified
- cash on handnote: Combined balance of the Consolidated Bankruptcy Account and the LP CCAA Account. · as at: 2021-05-19 · amount: 6408418 · currency: CAD
- operational summaryThe Edge and Cumberland entities have no ongoing operations or employees except limited activity in Triangle, Residential, and Westside; the Monitor is winding down the estates, pursuing the Edge Space sale, resolving disputed claims, and preparing distributions to creditors.
- professional feesnote: Comprising fees of $82,947.50, disbursements of $87.60 plus HST of $10,794.57. Legal counsel GSNH's fees and disbursements for same period totalled $92,091.36 (fees $80,629.00, disbursements $868.70, HST $10,593.66). · party: Monitor (Fuller Landau Group Inc.) · amount: 93829.67 · period: January 1, 2021 to April 30, 2021 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Distribute $5,476,716 (inclusive of $94,732 of interest earned on the trust fund) to the 14 accepted Lien Claimants and Trust Claimants which pursuant to the Construction Act (Ontario) have priority over the secured and unsecured creditors. · pct of: unstated · outcome: distribution · stated by: monitor · amount low: 5476716 · amount high: 5476716 · class label: Lien Claimants and Trust Claimants · interim final: unstated · conditional on: once the geothermal settlement proceeds are received · claims qualifier: unstated; basis: unstated · quote: ii. $1,867,053 for the secured creditor claims; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 1867053 · amount high: 1867053 · class label: secured creditor claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Distribution to unsecured creditors (56% recovery) | 1,152 | · pct of: unstated · outcome: distribution · pct low: 56 · pct high: 56 · class key: unsecured · stated by: monitor · amount low: 1152 · amount high: 1152 · class label: unsecured creditors (Westside) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Distribution to secured creditors | 83 | · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 83 · amount high: 83 · class label: secured creditors (Westside) · interim final: unstated · claims qualifier: unstated · stated on: 2021-05-21 · table missing:
- report date21 May 2021
- report noThirty-Sixth Report