Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 5 June 2015
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What we verified from this filing14 verified
- applicantERNST & YOUNG INC., IN ITS CAPACITY AS RECEIVER AND MANAGER OF WESTERN ROCK PRODUCTS LTD.
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- court file no1501-01117
- appointeeErnst & Young Inc.
- appointee rolereceiver and manager
- commencement date2 February 2015
- cash on handnote: Closing cash per Statement of Receipts and Disbursements for the period February 2, 2015 to May 27, 2015 · as at: 2015-05-27 · amount: 13665 · currency: CAD
- disbursementsnote: Total disbursements for the period February 2, 2015 to May 27, 2015 · since: February 2, 2015 · amount: 36368 · currency: CAD
- operational summaryThe Receiver has ceased quarry operations pending resolution of a licence dispute with PDCI and is winding down WRP by selling its equipment, stockpiled materials, and other business assets, with a settlement reached to sell substantially all remaining assets to PDCI.
- professional feesnote: Includes GST; to be paid from proceeds of sale of WRP Equipment and Stockpiled Material · party: Receiver · amount: 67759 · currency: CAD
- receipts cumulativenote: Total receipts for the period February 2, 2015 to May 27, 2015 · since: February 2, 2015 · amount: 50033 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Based upon the foregoing and should this Court approve the PDCI APA, the Receiver is seeking approval to distribute $250,000 of the Sale Proceeds as an interim distribution to RBC (the "Interim Distribution"). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 250000 · cumulative: false · amount high: 250000 · class label: RBC (senior secured creditor) · creditor name: Royal Bank of Canada · interim final: interim · related party: false · conditional on: should this Court approve the PDCI APA · claims qualifier: unstated · stated on: 2015-06-05 · table missing:
- report date5 June 2015
- report noSecond Report