Saskatchewan · Bankruptcy
Trustee's Second Report to Court
Court officer report · 6 December 2021
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 FireSong Group has continued its business operations since filing its NOIs, with the Cabins' rental bookings rising and CERS subsidies supporting expenses. A material adverse change arose because the planned sale of the Oak and Ash and 206 Lands did not close, and the Trustee supports a 45-day extension to file a proposal.
- recovery outcomeentries: basis: estimated · quote: Management advises that it has been working with West Grove to secure refinancing on the Cranbrook Property which the Trustee understands would be sufficient to satisfy the balance owing the secured creditor who issued the Cranbrook Enforcement Notice paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: secured creditor who issued the Cranbrook Enforcement Notice · interim final: unstated · claims qualifier: unstated · table missing:
- report date6 December 2021
- report noSecond Report