Prince Edward Island · CCAA
Monitor's Eleventh Report to Court - December 13, 2010
Court officer report · 13 December 2010
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What we verified from this filing7 verified
- cash on handnote: Bank balance per Monitor's cash flow statement, matched by balance held in GT Trust account; USD trust accounts hold an additional $8,300 USD not converted. · as at: 2010-12-10 · amount: 83600 · currency: CAD
- disbursementsnote: Total disbursements per Actual Cash Flow Statement for period January 14, 2010 to December 10, 2010. · since: January 14, 2010 · amount: 1358841 · currency: CAD
- operational summaryThe Plan of Compromise or Arrangement was rejected by the statutory majority of creditors after extensive negotiations failed, and the Monitor recommends the stay of proceedings be lifted so creditors can pursue their own remedies.
- professional feesnote: Includes $3,465 consulting fees, approx. $173,000 (before HST) Monitor fees and $55,000 (before HST) legal fees paid June 2010, and $76,000 (before HST) additional Monitor fees paid September 2010; as of Dec 10, 2010 an additional $152,144 was due to the Monitor (possibly reduced by ~$60,000) and $19,868 due to Mariner's lawyer. · party: Monitor, legal counsel, and consultants (combined professional fees line) · amount: 369125 · period: January 14, 2010 to December 10, 2010 · currency: CAD
- receipts cumulativenote: Total receipts per Actual Cash Flow Statement for period January 14, 2010 to December 10, 2010. · since: January 14, 2010 · amount: 1435526 · currency: CAD
- report date13 December 2010
- report noEleventh Report