British Columbia · CCAA
Fifth Report of the Monitor
Court officer report · 9 November 2026
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 filing10 verified
- cash on handnote: Actual closing cash balance at October 25, 2026. Seventh Cash Flow Forecast projects closing cash of approximately $260,333 at end of the forecast period (Feb 28, 2027), before any distribution. · as at: 2026-10-25 · amount: 482762 · currency: CAD
- disbursementsnote: Report states actual disbursements only for period Apr 6–Sep 6, 2026 (operating $3,432,471 plus restructuring $71,165) and Sep 7–Oct 25, 2026 ($355 bank charges). No cumulative-since-filing total stated. · currency: CAD
- insolvency professionalHolly Palmer
- insolvency professionalHolly Palmer
- operational summaryThe Petitioner has paid NBC in full and holds the California Judgment (US$3,649,315.18) as its principal asset; it has paused U.S. enforcement against Studio while the Film's monetization proceeds through a Distribution Agreement to which it is not a party, and the Monitor lacks evidence of an enforceable recovery path and opposes the proposed $200,000 interim distribution and long stay extension.
- professional feesnote: Actual fees paid April 6–Sept 6, 2026: Company Counsel $31,450; Monitor and its counsel $39,715 (total restructuring disbursements $71,165). Forecast Oct 26, 2026–Feb 28, 2027: Company Counsel $70,000; Monitor and its counsel $97,691 (total $167,691). No tax treatment stated. No single total stated for a combined period. · party: Petitioner's CCAA counsel; Monitor and its counsel (McCarthy Tétrault LLP) · period: April 6, 2026 to September 6, 2026 (actual) · currency: CAD
- receipts cumulativenote: Report states actual receipts only for the periods Apr 6–Sep 6, 2026 (Total Receipts $3,950,128, being the Tax Credit Refund) and Sep 7–Oct 25, 2026 (none). No cumulative-since-filing total stated. · currency: CAD
- recovery outcomeentries: basis: unstated · quote: b) payment of approximately $3.31 million to NBC in satisfaction of the Updated NBC Loan Balance; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · amount low: 3310000 · amount high: 3310000 · class label: NBC (National Bank of Canada) secured creditor · creditor name: National Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2026-11-09 · table missing:
- report date9 November 2026
- report noFifth Report of the Monitor