Saskatchewan · Receivership (court-appointed)
Third Report of the Receiver - Dated Aug 13, 2025
Court officer report · 13 August 2025
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What we verified from this filing11 verified
- cash on handnote: Referred to as 'Trust Funds' held in trust by the Receiver, per the Interim Statement of Receipts and Disbursements for the period September 19, 2024 to August 13, 2025. · as at: 2025-08-13 · amount: 851962 · currency: CAD
- closing confirmedscope: the BHI Lots · outcome: completed · date basis: unstated
- disbursementssince: September 19, 2024 (Date of Receivership) · amount: 1576933 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: approximate: false · period: end: 2025-07-31 · kind: cumulative · label: INVOICE SUMMARY FOR THE PERIOD OF SEPTEMBER 19, 2024 to JULY 31, 2025 · quote: INVOICE SUMMARY FOR THE PERIOD OF SEPTEMBER 19, 2024 to JULY 31, 2025 · start: 2024-09-19 · approval: state: unstated · averages: rate: 358 · quote: The average blended hourly rate charged by BDO in these proceedings for invoices issued to date is $358 per hour. · scope: BDO in these proceedings for invoices issued to date · currency: · invoices: · firm text: BDO Canada Limited · firm quote: THIRD REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS COURT APPOINTED RECEIVER · context quote: IN ITS CAPACITY AS COURT APPOINTED RECEIVER; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: quote: approving payment of the legal fees and disbursements of Cuelenaere LLP · state: sought · averages: · currency: · invoices: · firm text: Cuelenaere LLP · firm quote: approving payment of the legal fees and disbursements of Cuelenaere LLP · context quote: approving payment of the legal fees and disbursements of Cuelenaere LLP (as detailed below), and directing Cuelenaere LLP to provide the residual Auction Proceeds (as defined below) to the Receiver
- operational summaryThe Debtors ceased business operations and terminated employees prior to the Receiver's appointment; the Receiver has since been marketing and selling the Companies' remaining real properties (Culver, Sedley, and Inland Drive) and liquidating remaining assets via auction, with no ongoing business operations.
- professional feesnote: Receiver's legal counsel (McDougall Gauley LLP, including Miller Thomson LLP amounts) fees and disbursements totaled $95,810 inclusive of PST and GST for the same period. · party: BDO Canada Limited, in its capacity as Receiver · amount: 297938 · period: September 19, 2024 to July 31, 2025 · currency: CAD
- purchaserprice: sealed: false · currency: CAD · scope: the Culver Property · status: not_completed · name note: Bergen Offer for the Culver Property, withdrawn · structure: real_property · name source: recital · relationship: unstated · agreement date: 2024-11-19; Stockdales Prairie Development Limited; MDL Real Estate Income Fund GP Inc.; price: sealed: false · currency: CAD · scope: the BHI Lots · status: closed · name note: buyer of the BHI Lots, unnamed · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativesince: September 19, 2024 (Date of Receivership) · amount: 2428895 · currency: CAD
- report date14 August 2025
- report noThird Report
- sale advisorJohn Chung of Royal LePage; RE/MAX Crown Real Estate