Nova Scotia · Receivership (court-appointed)
Second Report of the Receiver - November 27, 2014 Part 1
Court officer report · 27 November 2014
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What we verified from this filing9 verified
- disbursementsnote: Total Disbursements for all funds combined per Final Statement of Receipts and Disbursements for period September 11, 2012 to November 23, 2014. · since: September 11, 2012 · amount: 893543 · currency: CAD
- fee scheduleengagements: form: time_summary · rows: Daniel Rozon; Robert Hunt; Donna Forrest; Matthew Golding; Krista Metcalfe; fees: 1320.5 · rate: 206.33 · hours: 6.4 · quote: Others: | 6.40 | 206.33 | 1,320.50 · row kind: bucket · rate kind: average · name as stated: Others:; fees: 27544.25 · quote: Sub total | | | $27,544.25 · row kind: subtotal · rate kind: standard · name as stated: Sub total · money: tax: label: HST · quote: HST · amount: 4351.06 · total: quote: TOTAL · amount: 33358.14 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements (Travel) · amount: 85.62 · period: end: 2012-09-30 · kind: invoice · quote: Time expended on file September 1, 2012 to September 30, 2012: · start: 2012-09-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: appointing Grant Thornton Limited as the Receiver and Manager (the "Receiver") of NEU · context quote: In its capacity as Receiver of North EndUnited Housing Co-operative Ltd. and not in its personal or corporate capacity; form: invoice_listing · rows: · money: tax: label: HST · quote: HST · amount: 2248.33 · fees: quote: Our Fee · amount: 12690.5 · total: quote: $17,237.16 · amount: 17237.16 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Travel · amount: 1574 · period: end: 2012-10-31 · kind: invoice · quote: For professional services rendered to October 31, 2012 as per the attached billing details: · approval: state: unstated · averages: · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: appointing Grant Thornton Limited as the Receiver and Manager (the "Receiver") of NEU · context quote: In its capacity as Receiver of North EndUnited Housing Co-operative Ltd. and not in its personal or corporate capacity
- financial positionnote: This is the Estimated Book Value of the Property statement attached as part of the Receiver's statutory notice (Exhibit B), not a current financial position at the report date; total liabilities not stated as a total (only unsecured creditors list totaling $1,140,047.90 and named secured creditors HRM $163,577.85 and NSHDC $8,841,845.89 are listed individually). · basis: Prepared without audit from information obtained from the Company's files (estimated book value) · scope: entity - North End United Housing Co-operative Limited · currency: CAD · total assets: 8674918
- operational summaryThe receivership's real property was sold to NSHDC in May 2013, and since then the Receiver's remaining work has focused on recovering additional HST rebates and winding up the estate for final distribution to creditors.
- professional feesnote: Includes fees, disbursements and HST; Receiver's counsel (Stewart McKelvey) fees separately totaled $75,356.06 including HST. · party: Grant Thornton Limited (Receiver) · amount: 187636.38 · period: September 10, 2012 to November 23, 2014 · currency: CAD
- receipts cumulativenote: Total Receipts for all funds combined per Final Statement of Receipts and Disbursements for period September 11, 2012 to November 23, 2014. · since: September 11, 2012 · amount: 1250115 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The secured lender has suffered a shortfall and accordingly there are no funds available to satisfy claims of unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured lender · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The secured lender has suffered a shortfall and accordingly there are no funds available to satisfy claims of unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date27 November 2014
- report noSecond Report