British Columbia · Proposal
Trustee's Third Report filed February 16, 2023.pdf
Court officer report · 16 February 2023
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 filing6 verified · 1 withheld
- cash on handnote: Actual ending cash balance for the 10-week period December 5, 2022 to February 12, 2023; opening cash at December 5, 2022 was a deficit of (264,873), funded by interim financing advances of 651,789. · as at: 2023-02-12 · amount: 51176 · currency: CAD
- operational summaryThe Company is continuing to operate and meet post-filing obligations (apart from delayed professional fees) while running a court-approved sale and investment solicitation process; one credit bid was received and is under negotiation, and the Company seeks an extension to April 3, 2023 to file a proposal.
- professional feesnote: Actual non-operating disbursement. Separately, legal fees re restructuring (Company's counsel) were 118,962. The report notes payment of professional fees of the Company's counsel, the Proposal Trustee and its counsel was delayed. No statement of whether amounts exclude tax. · party: Trustee and counsel fees (Proposal Trustee and its counsel) · amount: 134372 · period: December 5, 2022 to February 12, 2023 · currency: CAD
- receipts cumulativenote: Total cash receipts over the 10-week period; includes 318,517 categorized as 'Other'. · since: December 5, 2022 (Filing Date), through February 12, 2023 · amount: 644061 · currency: CAD
- report date15 February 2023
- report noThird Report
1 extracted value is 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.