British Columbia · Receivership (court-appointed)
First Report of Receiver to Court
Court officer report · 23 October 2023
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What we verified from this filing8 verified
- cash on handnote: Interim statement of receipts and disbursements for the period August 1, 2023 to October 18, 2023 · as at: 2023-10-18 · amount: 35616 · currency: CAD
- disbursementssince: August 1, 2023 · amount: 71450 · currency: CAD
- fee scheduleengagements: form: report_table · rows: Douglas Chivers; Kevin Koo; Neil Jayamaha; Sofie Parker; rate: 225 · hours: 3.2 · quote: Office Administration | Senior Administrative Assistant | 3.20 | 225 · title: Senior Administrative Assistant · row kind: bucket · rate kind: standard · name as stated: Office Administration; rate: 175 · hours: 2.15 · quote: Office Administration | Administrative Assistant | 2.15 | 175 · title: Administrative Assistant · row kind: bucket · rate kind: standard · name as stated: Office Administration · money: tax: label: GST · quote: GST | 1,361 | 1,361 | 2,722 · amount: 2722 · fees: quote: Fees | 25,580 | 25,580 | 51,160 · amount: 51160 · total: quote: Total | 28,358 | 28,338 | 56,696 · amount: 56696 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 1,417 | 1,397 | 2,814 · amount: 2814 · period: end: 2023-09-15 · kind: invoice · quote: for the period July 4, 2023 to September 15, 2023 is summarized below: · start: 2023-07-04 · approval: quote: The Receiver requests that the Court approve the Receiver's fees and costs incurred to date of $56,696 · state: sought · averages: rate: 444 · quote: 444 * · currency: · invoices: tax: 1360.87 · fees: 25579.75 · quote: July 4, 2023 to September 15, 2023 | 9655 (2) | 25,579.75 | 1,417.33 | 1,360.87 | 28,357.95 · total: 28357.95 · period end: 2023-09-15 · period start: 2023-07-04 · disbursements: 1417.33; tax: 1360.87 · fees: 25579.75 · quote: July 4, 2023 to September 15, 2023 | 9655 (1) | 25,579.75 | 1,397.33 | 1,360.87 | 28,337.95 · total: 28337.95 · period end: 2023-09-15 · period start: 2023-07-04 · disbursements: 1397.33 · firm text: MNP Ltd. · firm quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · hours total: quote: 57.65 · value: 57.65 · context quote: MNP Ltd. was appointed as Receiver of the assets, undertakings and properties of 442746 B.C. Ltd. · comparability quote: comparable to Receivership assignments of similar scale and complexity.; form: invoice_listing · rows: · money: · period: end: 2023-09-30 · kind: invoice · quote: For the Period August 1 to September 30, 2023 · start: 2023-08-01 · approval: state: unstated · averages: · currency: · invoices: tax: 145.06 · fees: 2871 · quote: 1243993 | 2,871.00 | 30.32 | 145.06 | 200.97 | 3,247.35 · total: 3247.35 · disbursements: 30.32; tax: 83.52 · fees: 1669 · quote: 1246873 | 1,669.00 | 1.40 | 83.52 | 116.83 | 1,870.75 · total: 1870.75 · disbursements: 1.4 · firm text: Lawson Lundell LLP · firm quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel. · context quote: The Receiver engaged Lawson Lundell LLP (' Lawson ') as its independent legal counsel.
- operational summaryThe Receiver managed two residential rental properties (Dundas and Triumph), collecting rent and attending to maintenance and insurance matters, until First National's mortgages were redeemed on September 15, 2023, after which the Receiver relinquished control of the Properties and is seeking its discharge.
- professional feesnote: Includes fees $51,159.50, disbursements $2,814.66, and GST $2,721.74; legal fees of Lawson Lundell LLP separately totalled $10,236.20 for August 1 to September 30, 2023 · party: MNP Ltd. (Receiver) · amount: 56696 · period: July 4, 2023 to September 15, 2023 · currency: CAD
- receipts cumulativesince: August 1, 2023 · amount: 107066 · currency: CAD
- report date23 October 2023
- report noReceiver's First Report to Court