Alberta · Receivership (court-appointed)
Third Report of the Receiver dated August 23, 2021
Court officer report · 23 August 2021
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What we verified from this filing6 verified · 2 withheld
- cash on handnote: Figure represents net cash held (receipts less disbursements) as at the Final SRD date, before accrued fees and the proposed final distribution. · as at: 2021-08-23 · amount: 186908.65 · currency: CAD · qualifier: receipts in excess of disbursements, before payment of Final Fees and Proposed Final Distribution
- disbursementsnote: From the Receiver's Final Statement of Receipts and Disbursements; excludes accrued Final Fees and distributions. · since: commencement of the receivership (per Final SRD for the period ending August 23, 2021) · amount: 345918.16 · currency: CAD
- operational summaryThe Receiver has substantially completed its duties, having sold the Debtors' personal property and the Leduc Property and ceased further pursuit of remaining missing assets due to uncertain recovery prospects; it is now finalizing the estate, seeking discharge subject to completion of remaining administrative tasks.
- professional feesnote: Comprised of fees of $67,090.08, disbursements of $269.19, and GST of $3,354.50. Cassels (Receiver's counsel) fees for the same period were $38,490.73 total (fees $36,217.00, disbursements $450.36, GST $1,823.37). · party: Receiver (Grant Thornton Limited) · amount: 70713.77 · period: May 1, 2021 to August 15, 2021 · currency: CAD
- receipts cumulativenote: From the Receiver's Final Statement of Receipts and Disbursements for the period ending August 23, 2021. · since: commencement of the receivership (per Final SRD for the period ending August 23, 2021) · amount: 1624732.85 · currency: CAD
- recovery outcomeentries: basis: actual · quote: On July 26, 2021, the Receiver issued an interim distribution of $1,091,906.04 to BMO (the ' Interim Distribution '), which reflected the cumulative principal balance owing to same. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1091906.04 · cumulative: true · amount high: 1091906.04 · class label: BMO · creditor name: Bank of Montreal · interim final: interim · claims qualifier: unstated; basis: actual · quote: | Final Distribution to Bank of Montreal | | 82,567.31 | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 82567.31 · cumulative: false · amount high: 82567.31 · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: final · claims qualifier: unstated; basis: actual · quote: | Final Distribution to Canada Revenue Agency | | 85,393.31 | · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 85393.31 · cumulative: false · amount high: 85393.31 · class label: Canada Revenue Agency · creditor name: Canada Revenue Agency · interim final: final · claims qualifier: unstated · stated on: 2021-08-23 · table missing:
2 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.