British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 16 February 2017
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What we verified from this filing5 verified
- disbursementsnote: From Receiver's Statement of Receipts and Disbursements for the period January 25, 2017 to February 13, 2017 · since: January 25, 2017 · amount: 1001259.66 · currency: CAD
- operational summaryThe Receiver and Interim Manager continue to stabilize and operate the KGIC Group's colleges across 18 campuses, funding payroll and rent through borrowings and tuition receipts while pursuing a sale transaction, as the business remains cash-flow negative and not viable without ongoing support.
- receipts cumulativenote: From Receiver's Statement of Receipts and Disbursements for the period January 25, 2017 to February 13, 2017 · since: January 25, 2017 · amount: 1342198.61 · currency: CAD
- report date15 February 2017
- report noSecond Report