Alberta · Receivership (court-appointed)
7. Seventh Report of the Receiver
Court officer report · 8 December 2011
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: The Receiver also holds $227,422 of Phase 2 deposits which are not included in this figure. · as at: 2011-12-06 · amount: 525934 · currency: CAD · qualifier: approximately
- disbursementsnote: Includes a Holdback of approximately $162,000 for remaining/unexpected expenses. · since: December 15, 2010 (Reporting Period start) · amount: 3919845 · currency: CAD
- operational summaryThe receivership over the Riverside Quays condominium project is winding down: Phase 1 construction and sales are complete, and the Receiver's administration is essentially finished except for oversight of the proposed claims process, resolution of the TDL Drywall lien, and minor remaining administrative duties, with the Receiver now seeking its discharge.
- professional feesnote: Approximate combined figure; Receiver's fees were $292,995 and counsel fees $355,875 incurred to December 6, 2011, with additional estimated fees to complete of $25,000 and $30,000 respectively. · party: Receiver and Receiver's Counsel · amount: 649000 · period: December 15, 2010 to December 13, 2011 · currency: CAD
- receipts cumulativesince: December 15, 2010 (Reporting Period start) · amount: 4510853 · currency: CAD
- report date8 December 2011
- report noSeventh Report