Alberta · Receivership (court-appointed)
Receiver's Second Report (May 2, 2023)
Court officer report · 2 May 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: fees: quote: TOTAL | | 166,144.50 $ · amount: 166144.5 · approximate: false · period: end: 2023-03-31 · kind: interim · label: Interim Period Billings · quote: Summary of Receiver's Fees and Disbursements ("Interim Period Billings") December 2, 2022 to March 31, 2023 · start: 2022-12-02 · approval: quote: Invoices Subject to Court Approval · state: sought · averages: · currency: · invoices: tax: 2212.42 · fees: 43782 · quote: #4 | March 1, 2023 to March 31, 2023 | 43,782.00 | 466.37 | 44,248.37 | 2,212.42 | 46,460.79 · total: 46460.79 · period end: 2023-03-31 · period start: 2023-03-01 · disbursements: 466.37; tax: 1693.23 · fees: 33835 · quote: #1 | December 2, 2022 - December 31, 2022 | 33,835.00 | 29.56 | 33,864.56 | 1,693.23 | 35,557.79 · total: 35557.79 · period end: 2022-12-31 · period start: 2022-12-02 · disbursements: 29.56; tax: 2241.17 · fees: 44639 · quote: #2 | January 1, 2023 - January 31, 2023 | 44,639.00 | 184.32 | 44,823.32 | 2,241.17 | 47,064.49 · total: 47064.49 · period end: 2023-01-31 · period start: 2023-01-01 · disbursements: 184.32; tax: 2196.47 · fees: 43888.5 · quote: #3 | Febuary 1, 2023 to February 28, 2023 | 43,888.50 | 40.88 | 43,929.38 | 2,196.47 | 46,125.85 · total: 46125.85 · period end: 2023-02-28 · period start: 2023-02-01 · disbursements: 40.88 · firm text: Alvarez & Marsal Canada Inc. · firm quote: ALVAREZ & MARSAL CANADA INC. in its capacity as Court-appointed Receiver and Manager of the assets, undertakings and properties of ALVARO DEVELOPERS INC. and ALVARO LIMITED PARTNERSHIP. · context quote: in its capacity as Court-appointed Receiver and Manager of the assets, undertakings and properties of ALVARO DEVELOPERS INC. and ALVARO LIMITED PARTNERSHIP; form: invoice_listing · rows: · money: fees: quote: TOTAL | | 145,483.00 $ · amount: 145483 · approximate: false · period: end: 2023-03-31 · kind: interim · label: Interim Period Billings · quote: Summary of Receiver's Counsel's Fees and Disbursements ("Interim Period Billings") December 2, 2022 to March 31, 2023 · start: 2022-12-02 · approval: quote: Invoices Subject to Court Approval · state: sought · averages: · currency: · invoices: tax: 3116.23 · fees: 62324.5 · quote: 1603321 | March 1, 2023 to March 31, 2023 | 62,324.50 | 85.00 | 62,409.50 | 3,116.23 | 65,525.73 · total: 65525.73 · period end: 2023-03-31 · period start: 2023-03-01 · disbursements: 85; tax: 2023.29 · fees: 40325 · quote: 1595288 | December 2, 2022 to December 31, 2022 | 40,325.00 | 507.40 | 40,832.40 | 2,023.29 | 42,855.69 · total: 42855.69 · period end: 2022-12-31 · period start: 2022-12-02 · disbursements: 507.4; tax: 1282.85 · fees: 25569.5 · quote: 1597511 | January 1, 2023 to January 31, 2023 | 25,569.50 | 87.50 | 25,657.00 | 1,282.85 | 26,939.85 · total: 26939.85 · period end: 2023-01-31 · period start: 2023-01-01 · disbursements: 87.5; tax: 863.2 · fees: 17264 · quote: 1599984 | Febuary 1, 2023 to February 28, 2023 | 17,264.00 | - | 17,264.00 | 863.20 | 18,127.20 · total: 18127.2 · period end: 2023-02-28 · period start: 2023-02-01 · disbursements: 0 · firm text: Torys LLP · firm quote: TORYS LLP · context quote: COUNSEL TO RECEIVER
- recovery outcomeentries: basis: estimated · quote: If the forecast receipts (as outlined in the Forecast Receipts and Disbursements) are collected, the Receiver recommends making a final distribution to Bancorp as repayment of the overall indebtedness owing to Bancorp. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: Bancorp · creditor name: Bancorp · interim final: final · conditional on: If the forecast receipts (as outlined in the Forecast Receipts and Disbursements) are collected · claims qualifier: unstated · stated on: 2023-05-02 · table missing: The unredacted Forecast Receipts and Disbursements can be found in the Confidential Appendices.