Quebec · NOI
Trustee’s Report […] Since the Meeting of Creditors Held on September 22, 2005 dated • December 1, 2005
Court officer report · 22 September 2005
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 filing7 verified
- cash on handnote: Cumulative combined Statement of Receipts and Disbursements of the Interim Receiver and Trustee, 'Funds on hand, end of period' for period Sept 23 to Nov 22, 2005. · as at: 2005-11-22 · amount: 675979 · currency: CAD
- disbursementsnote: This is 'Total disbursements before remittances to secured lender'; a further $9,304,232 was remitted to BMO Bank of Montreal. · since: combined period covered by the Interim Receiver and Trustee's Statement of Receipts and Disbursements · amount: 2370207 · currency: CAD
- financial positionnote: Total assets not stated as a single figure; only forecasted/estimated realization values for remaining assets are given (Estimated gross realization before professional fees: $751,000-$834,000, described as a range/forecast). Liabilities table breaks down as Related Party Liabilities $2,514,700 and Third-Party Liabilities $2,061,009, summing to the stated total. · basis: As per proof of claim filed (pre-filing and post-filing liabilities as summarized by the Trustee) · scope: 177841 Canada Inc. (formerly J.L. de Ball Canada Inc.), entity-level · currency: CAD · total liabilities: 4575709
- operational summaryThe Company has completed sales of its operating businesses (de Ball, Asheville Velour, and GSTZ) and its bank indebtedness to BMO has been fully repaid; it now has no ongoing operations and is only realizing residual assets such as trade receivables and income tax refunds to fund remaining obligations.
- professional feesnote: Legal fees and costs of $367,429 for the same period are stated separately. · party: Trustee and Interim Receiver (RSM Richter Inc.) · amount: 343000 · period: Period ended Sept 22, 2005 (cumulative) · currency: CAD
- receipts cumulativenote: Total receipts across both reporting periods (ended Sept 22, 2005 and Sept 23 to Nov 22, 2005). · since: combined period covered by the Interim Receiver and Trustee's Statement of Receipts and Disbursements · amount: 12350417 · currency: CAD
- report date1 December 2005