British Columbia · Receivership (court-appointed)
Receiver's Second Report to Court
Court officer report · 4 April 2024
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 filing7 verified
- cash on handnote: Excess receipts over disbursements of $412,454 does not include estimated accruals of approximately $271,000 including unpaid professional fees; estimated remaining cash after accruals is approximately $141,454. · as at: 2024-03-31 · amount: 141454 · currency: CAD · qualifier: approximately
- disbursementssince: November 8, 2023 · amount: 2004212 · currency: CAD
- operational summaryThe Receiver completed winterization of Phase 1 units and construction of Building One and Two, and is now seeking court approval to list the Project for sale on an 'as is, where is' basis, while all pre-sale contracts have been rescinded and deposits returned.
- professional feesnote: This is an estimated/forecast cost, not fees actually incurred to date. · party: Receiver (estimated professional fees, April-June 2024) · amount: 150000 · period: April 1, 2024 to June 30, 2024 · currency: CAD
- receipts cumulativesince: November 8, 2023 · amount: 2416666 · currency: CAD
- report date4 April 2024
- report noSecond Report