Alberta · Receivership (court-appointed)
Filed Third Report of the Receiver
Court officer report · 7 July 2025
What we verified from this filing5 verified
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2403 17994
- commencement date21 January 2025
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 6,761 $ · amount: 6761 · fees: quote: 123,274 $ · amount: 123274 · total: quote: 141,989 $ · amount: 141989 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 11,953 $ · amount: 11953 · period: end: 2025-05-31 · kind: cumulative · label: the period ended May 31, 2025 · quote: Summary of Professional Fees and Disbursements for the period ended May 31, 2025, Including Estimates to Complete the Administration of the Receivership · approval: state: unstated · averages: · currency: · invoices: tax: 2128 · date: 2025-02-28 · fees: 33498 · quote: February 28, 2025 | 12193514* | For the period ended February 15, 2025 | 33,498 $ | 9,061 $ | 42,558 $ | 2,128 $ | 44,686 $ · total: 44686 · period end: 2025-02-15 · disbursements: 9061; tax: 2073 · date: 2025-04-23 · fees: 41062 · quote: April 23, 2025 | 12365772* | For the period ended March 31, 2025 | 41,062 | 392 | 41,454 | 2,073 | 43,527 · total: 43527 · period end: 2025-03-31 · disbursements: 392; tax: 783 · date: 2025-05-14 · fees: 13155 · quote: May 14, 2025 | 12453598* | for the period ended April 1 - 30, 2025 | 13,155 | 2,500 | 15,655 | 783 | 16,438 · total: 16438 · period end: 2025-04-30 · period start: 2025-04-01 · disbursements: 2500; tax: 528 · date: 2025-06-10 · fees: 10560 · quote: June 10, 2025 | 12520254 | For the period ended May 31, 2025 | 10,560 | - | 10,560 | 528 | 11,088 · total: 11088 · period end: 2025-05-31 · firm text: MNP Ltd. · firm quote: MNP Ltd. · context quote: MNP Ltd. (' MNP ') was appointed as the receiver (the ' Receiver ') · discount note: text: Invoices were discounted pursuant to an agreement with BDC such that partner time was billed at a senior manager rate and overall fees were discounted by 20 percent. · quote: Invoices were discounted pursuant to an agreement with BDC such that partner time was billed at a senior manager rate and overall fees were discounted by 20 percent.; form: invoice_listing · rows: · money: tax: label: GST · quote: 4,921 $ · amount: 4921 · fees: quote: 97,631 $ · amount: 97631 · total: quote: 103,796 $ · amount: 103796 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 1,244 $ · amount: 1244 · period: end: 2025-05-31 · kind: cumulative · label: the period ended May 31, 2025 · quote: Summary of Professional Fees and Disbursements for the period ended May 31, 2025, Including Estimates to Complete the Administration of the Receivership · approval: state: unstated · averages: · currency: · invoices: tax: 569 · date: 2025-01-31 · fees: 10874 · quote: January 31, 2025 | 4097003 | For the period ended January 31, 2025 | 10,874 $ | 700 $ | $ 11,574 | 569 $ | 12,143 $ · total: 12143 · period end: 2025-01-31 · disbursements: 700; tax: 602 · date: 2025-02-28 · fees: 12017 · quote: February 28, 2025 | 4107815 | For the period ended February 28, 2025 | 12,017 | 32 | 12,048 | 602 | 12,650 · total: 12650 · period end: 2025-02-28 · disbursements: 32; tax: 1421 · date: 2025-03-31 · fees: 28382 · quote: March 31, 2025 | 4117551 | For the period ended March 31, 2025 | 28,382 | 70 | 28,452 | 1,421 | 29,873 · total: 29873 · period end: 2025-03-31 · disbursements: 70; tax: 933 · date: 2025-04-30 · fees: 18557 · quote: April 30, 2025 | 4126013 | For the period ended April 30, 2025 | 18,557 | 161 | 18,718 | 933 | 19,651 · total: 19651 · period end: 2025-04-30 · disbursements: 161; tax: 396 · date: 2025-05-31 · fees: 7802 · quote: May 31, 2025 | 4134965 | For the period ended May 31, 2025 | 7,802 | 281 | 8,083 | 396 | 8,479 · total: 8479 · period end: 2025-05-31 · disbursements: 281 · firm text: Miller Thomson LLP · firm quote: Miller Thomson LLP · context quote: Miller Thomson's professional fees and disbursements of approximately $78,900 plus GST of approximately $3,900 for a total of approximately $82,800, also for the period ended May 31, 2025 (the ' Receiver's Legal Fees ').
- recovery outcomeentries: basis: actual · quote: The 2694832 Sale has now closed and the BDC Distribution has been made such that BDC has been paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: BDC · creditor name: Business Development Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2025-07-07 · table missing: