Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 17 June 2022
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: on the later of (i) the Plan Implementation Date, or (ii) when due, or such later date in accordance with Section 6.4 of the CCAA Plan in respect of any Unresolved Claim that becomes a Proven Claim, if any, an amount equal to 70% of such Distribution Creditor's Proven Claim; and · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Affected General Unsecured Creditors (Distribution Creditors) · interim final: unstated · conditional on: 70% of the Proven Claim on the later of the Plan Implementation Date or when due; 30% on the earlier of the closing of the sale of all remaining residential units at the Sheddon Project or eight months from the Plan Implementation Date; Holdback Claims deferred until substantial completion of the Sheddon Project · claims qualifier: unstated; basis: plan · quote: an amount equal to 100% of such Funded Debt Claim, including all accrued interest and fees, on no later than June 30, 2025; and · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: Funded Debt Unsecured Creditor · creditor name: Halmont · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Holders of Equity Claims will not receive a distribution or other consideration under the Plan and will not be entitled to vote on the Plan in respect of their Equity Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Holders of Equity Claims · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-17 · table missing: