Alberta · Receivership (court-appointed)
Receiver's First Report. Dated July 17, 2020
Court officer report · 17 July 2020
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 filing6 verified · 1 withheld
- cash on handnote: Cash on hand per the Statement of Receipts and Disbursements (Exhibit 1.0) for Penhold Crossing Plaza Ltd. · as at: 2020-06-23 · amount: 15484.48 · currency: CAD
- disbursementsnote: Includes repayment of the $44,000 Receiver's certificate; no professional fees were disbursed in the period. · since: November 8, 2019 (to June 23, 2020) · amount: 138256.89 · currency: CAD
- operational summaryThe Receiver has operated Penhold Crossing as a going concern, funding its costs (taxes, utilities, insurance) from rent paid by the related gas station tenant 196, while the daycare tenant abandoned its space and four strip-mall units remain vacant. The Receiver recommends keeping the 196 lease in place and intends to seek approval of a formal sales process.
- receipts cumulativenote: Total Receipts include rental income $109,604.00, Receiver's certificate (borrowings) $44,000.00, and opening cash in bank $137.37. · since: November 8, 2019 (to June 23, 2020) · amount: 153741.37 · currency: CAD
- report date17 July 2020
- report noFirst Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.