Ontario · Receivership (court-appointed)
Receiver’s Supplementary Report to the Second Report
Court officer report · 7 June 2024
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 filing4 verified
- operational summaryThe Receiver reports that the Debtor's business and receivables appear to have been diverted to NewCo (15599563 Canada Inc., trading as Land Corp) after the Mareva Injunction. NewCo's QuickBooks account was then cancelled without the Receiver's request, and the Receiver has still not been given access to the Debtor's own QuickBooks account.
- professional feesnote: Not fees incurred to date: this is the maximum amount of the proposed Administration Charge over Bruno Zaffino's residential home (the Caledon Property), requested as security for the Receiver's and its counsel's professional fees and disbursements. · party: Receiver and its counsel · amount: 150000 · currency: CAD
- report date7 June 2024
- report noSupplementary Report to the Second Report