Alberta · Bankruptcy
Trustee's Supplement to the Fourth Report
Court officer report · 7 August 2015
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 filing4 verified
- operational summaryThe six PLG Group estates are in ongoing bankruptcy administration. The Trustee is collecting accounts receivable through builders' liens, litigation and settlements, holding the proceeds in trust, and now holds enough funds to pay CRA's deemed trust claims in full.
- professional feesnote: CRA agreed to permit the Trustee's reasonable fees and expenses net of GST, up to a total of $1.2 million, to be paid ahead of the CRA Claims. The Trustee also seeks an Administration Charge of $200,000 on the assets of the PLG Group for the Trustee's and its counsel's fees and disbursements once CRA is paid in full. · party: Trustee (Deloitte Restructuring Inc.) and its legal counsel · amount: 1200000 · currency: CAD
- report date7 August 2015
- report noSupplement to the Fourth Report