Alberta · Receivership (court-appointed)
Receiver's Second Report to Court
Court officer report · 25 March 2024
What we verified from this filing12 verified
- cash on handas at: 2024-03-19 · amount: 1230529 · currency: CAD
- closing confirmedscope: the Property and the Birchwood Assets · outcome: completed · effective: 2024-02-22 · purchaser: AAA Exchange Edmonton Ltd. · date basis: stated · approval order date: 2024-01-26
- disbursementssince: May 3, 2022 · amount: 353045 · currency: CAD
- fee scheduleengagements: form: report_table · rows: Kristin Gray; Steven Barlott; Sofie Parker; hours: 10.1 · quote: Administration | Administrative | 10.10 | 216-245 · title: Administrative · rate max: 245 · rate min: 216 · row kind: bucket · rate kind: range · name as stated: Administration · money: tax: label: GST · quote: 621.87 · amount: 621.87 · fees: quote: The total Receiver fees for December 1, 2023, to February 29, 2024, are $12,437.40 and nil disbursements · amount: 12437.4 · total: quote: 13,059.27 · amount: 13059.27 · includes tax: true · approximate: false · period: end: 2024-02-29 · kind: invoice · quote: A summary and copies of the Receiver's invoices rendered during the period of December 1, 2023, to February 29, 2024, are attached as Exhibit A to the Fee Affidavit · start: 2023-12-01 · approval: state: unstated · averages: · currency: · invoices: tax: 621.87 · fees: 12437.4 · quote: December 1, 2023 to February 29, 2024 | 11504730 | 12,437.40 · total: 13059.27 · period end: 2024-02-29 · period start: 2023-12-01 · firm text: MNP Ltd. · firm quote: SECOND REPORT TO THE COURT OF MNP LTD. IN ITS CAPACITY AS RECEIVER AND MANAGER OF 608772 ALBERTA LTD. O/A BIRCHVVOOD AUTO BODY AND 1943969 ALBERTA LTD. · hours total: quote: 29.60 · value: 29.6 · context quote: SECOND REPORT TO THE COURT OF MNP LTD. IN ITS CAPACITY AS RECEIVER AND MANAGER OF 608772 ALBERTA LTD. O/A BIRCHVVOOD AUTO BODY AND 1943969 ALBERTA LTD. · comparability quote: In the Receiver's opinion, the cost of this Receivership is comparable to receivership assignments of similar scale and complexity.; form: invoice_listing · rows: · money: tax: label: GST · quote: 1,141.69 · amount: 1141.69 · fees: quote: 21,739.00 · amount: 21739 · total: quote: 23,975.17 · amount: 23975.17 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 1,094.48 · amount: 1094.48 · period: end: 2024-02-29 · kind: invoice · quote: Summary of Receiver's Legal Counsel Fees For the period of November 1, 2023, to February 29, 2024 · start: 2023-11-01 · approval: state: unstated · averages: · currency: · invoices: tax: 110.93 · date: 2023-12-31 · fees: 2134.5 · quote: Dentons Canada LLP | December 31, 2023 | 3814980 | 2,134.50 · total: 2329.47 · disbursements: 84.04; tax: 628.86 · date: 2024-01-31 · fees: 12050.5 · quote: Dentons Canada LLP | Janaury 31, 2024 | 3823169 | 12,050.50 · total: 13205.88 · disbursements: 526.52; tax: 401.9 · date: 2024-03-05 · fees: 7554 · quote: Dentons Canada LLP | March 5, 2024 | 3830644 | 7,554.00 · total: 8439.82 · disbursements: 483.92 · firm text: Dentons Canada LLP · firm quote: The Receiver engaged the services of Dentons as its independent legal counsel to assist with the obligations in these proceedings. · context quote: The Receiver engaged the services of Dentons as its independent legal counsel to assist with the obligations in these proceedings. The lawyer primarily responsible for assisting the Receiver was Mr. Dean Hitesman, Partner.; form: time_summary · rows: Dean Hitesman; Kurtis Letwin; Rhonda Clarke · money: fees: quote: TOTAL PROFESSIONAL FEES | $ 2,134.50 · amount: 2134.5 · total: quote: TOTAL FEES, OTHER FEES/CHARGES AND DISBURSEMENTS | $ 2,218.54 · amount: 2218.54 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: TOTAL TAXABLE DISBURSEMENTS | 20.00 · amount: 20 · period: end: 2023-12-31 · kind: invoice · quote: INVOICE # 3814980 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: The Receiver engaged the services of Dentons as its independent legal counsel · hours total: quote: Total | 4.0 | | $2,134.50 · value: 4 · context quote: INVOICE # 3814980; form: time_summary · rows: Dean Hitesman; Kurtis Letwin; Rhonda Clarke; Robert Bothwell · money: fees: quote: TOTAL PROFESSIONAL FEES $ 12,050.50 · amount: 12050.5 · approximate: false · disbursements: quote: TOTAL TAXABLE DISBURSEMENTS | $ 165.00 · amount: 165 · period: end: 2024-01-31 · kind: invoice · quote: Janaury 31, 2024 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: The Receiver engaged the services of Dentons as its independent legal counsel · hours total: quote: Total | 22.0 | | $12,050.50 · value: 22 · context quote: INVOICE # 3823169; form: time_summary · rows: Dean Hitesman; Kurtis Letwin; Rhonda Clarke; Robert Bothwell · money: tax: label: GST · quote: TOTAL TAXES | 401.90 · amount: 401.9 · fees: quote: TOTAL PROFESSIONAL FEES | $ 7,554.00 · amount: 7554 · total: quote: TOTAL AMOUNT DUE | $ | 8,439.82 CAD · amount: 8439.82 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: TOTAL TAXABLE DISBURSEMENTS | $ 257.30 · amount: 257.3 · period: end: 2024-03-05 · kind: invoice · quote: March 5, 2024 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: The Receiver engaged the services of Dentons as its independent legal counsel · hours total: quote: Total | 17.1 | | $7,554.00 · value: 17.1 · context quote: Re: 608772 Alberta Ltd. et al.
- operational summaryAll of the Companies' assets, including the Property and Birchwood Assets, have been sold and the receivership administration is now substantially complete.
- professional feesnote: Legal fees of Dentons for the same review period were $21,739 plus $1,094 disbursements plus $1,142 GST, total $23,975 · party: Receiver (MNP Ltd.) · amount: 12437.4 · period: December 1, 2023 to February 29, 2024 · currency: CAD
- purchaserAAA Exchange Edmonton Ltd.
- receipts cumulativesince: May 3, 2022 · amount: 1583574 · currency: CAD
- report date25 March 2024
- report noSecond Report
- sale advisorNAI Commercial Real Estate Inc.
- sale outcometext: All of the Companies' assets have been sold and the administration of the receivership is now substantially complete. · scope: whole_business · status: closed