British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 7 January 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
- operational summaryThe Receiver conducted a court-approved marketing and sale process for the debtor's assets, resulting in an asset purchase agreement with Eaze Technologies for the Hometown Heart-related business; certain subsidiaries may continue operating in the ordinary course while others may be shuttered, and other remaining assets (e.g., the L.A. business and Oregon business) are being separately dealt with.
- professional feesnote: Fees CAD$661,447.00, expenses/disbursements CAD$11,551.60, HST CAD$87,489.82; counsel to the Receiver's accounts for October 17, 2019 to December 31, 2020 (sic) total CAD$190,253.00 in fees, CAD$3,471.74 in expenses/disbursements and CAD$22,995.34 in HST for a total of CAD$216,720.08 · party: Receiver (FTI Consulting Canada Inc.) · amount: 760488.42 · period: October 30, 2019 to December 31, 2019 · currency: CAD
- purchaserEaze Technologies, Inc.
- report date7 January 2020
- report noSecond Report
- sale outcometext: The Receiver seeks approval of the Transaction with Eaze Technologies, Inc., representing the highest and best offer received during the sale process · scope: whole_business · status: pending_approval