Ontario · Receivership (court-appointed)
interim report under section 246(2) - newsweb.pdf
Court officer report · 24 February 2014
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 filing5 verified
- cash on handnote: Stated as the excess of receipts over disbursements per the Statement of Receipts and Disbursements as at November 28, 2013; currency not explicitly stated in the document (assumed CAD). · as at: 2013-11-28 · amount: 4029.61 · currency: CAD
- disbursementsnote: Total disbursements per the Statement of Receipts and Disbursements as at November 28, 2013; start date of the cumulative period not stated; currency not explicitly stated. · amount: 58767.88 · currency: CAD
- operational summaryThe receiver has obtained court approval of its sales and marketing activities and of the sale of assets, while accounts receivable collection continues. Realizations will be insufficient to repay secured creditors, leaving nothing for other creditors.
- receipts cumulativenote: Total receipts per the Statement of Receipts and Disbursements as at November 28, 2013; start date of the cumulative period not stated (presumably the receiver's appointment); currency not explicitly stated. · amount: 62797.49 · currency: CAD
- report date24 February 2014