Alberta · Receivership (court-appointed)
Second Report of the Receiver dated June 9, 2025
Court officer report · 9 June 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- report date9 June 2025
- report noSecond Report
- operational summarySince the First Report, the Receiver completed the Transaction, managed bank accounts and employee terminations, facilitated the transfer of Company data, maintained cash flow records, corresponded with creditors and the CRA, and prepared this Second Report.
- receipts cumulativeamount: 1232593 · currency: CAD
- cash on handamount: 675062 · currency: CAD
- professional feesamount: 150641 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 7,553.64 · amount: 7553.64 · fees: quote: 150,641.00 · amount: 150641 · total: quote: 158,626.48 · amount: 158626.48 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 431.84 · amount: 431.84 · period: end: 2025-05-31 · kind: cumulative · quote: Total Receiver's Fees · start: 2025-02-01 · approval: state: unstated · averages: · currency: · invoices: tax: 4019.63 · fees: 80024 · quote: KSV Restructuring Inc. Invoice #4260 | February 1 to February 28, 2025 | 116.90 | 80,024.00 | 368.56 | 4,019.63 | 84,412.19 · total: 84412.19 · period end: 2025-02-28 · period start: 2025-02-01 · disbursements: 368.56; tax: 2444.11 · fees: 48881 · quote: KSV Restructuring Inc. Invoice #4421 | March 1 to March 31, 2025 | 80.80 | 48,881.00 | 1.23 | 2,444.11 | 51,326.34 · total: 51326.34 · period end: 2025-03-31 · period start: 2025-03-01 · disbursements: 1.23; tax: 671.69 · fees: 13370.5 · quote: KSV Restructuring Inc. Invoice #4422 | April 1 to April 30, 2025 | 21.85 | 13,370.50 | 63.28 | 671.69 | 14,105.47 · total: 14105.47 · period end: 2025-04-30 · period start: 2025-04-01 · disbursements: 63.28; tax: 418.21 · fees: 8365.5 · quote: KSV Restructuring Inc. Invoice #4465 | May 1 to May 31, 2025 | 13.95 | 8,365.50 | (1.23) | 418.21 | 8,782.48 · total: 8782.48 · period end: 2025-05-31 · period start: 2025-05-01 · disbursements: -1.23 · firm text: KSV Restructuring Inc. · firm quote: KSV RESTRUCTURING INC., in its capacity as Receiver of 2235776 Alberta Ltd., and not in its personal capacity · hours total: quote: 233.50 · value: 233.5 · context quote: appointing KSV Restructuring Inc. as receiver and manager (in such capacity, the ' Receiver '), without security; form: invoice_listing · rows: · money: tax: label: GST · quote: 2,012.18 · amount: 2012.18 · fees: quote: 40,243.50 · amount: 40243.5 · total: quote: 42,395.68 · amount: 42395.68 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 140.00 · amount: 140 · period: end: 2025-05-31 · kind: cumulative · quote: Total Legal Fees · start: 2025-02-01 · approval: state: unstated · averages: · currency: · invoices: tax: 1385.53 · fees: 27710.5 · quote: Fasken Martineau DuMoulin LLP Invoice #2103869 | February 1 to February 28, 2025 | 27,710.50 | - | 1,385.53 | 29,096.03 · total: 29096.03 · period end: 2025-02-28 · period start: 2025-02-01; tax: 255.38 · fees: 5107.5 · quote: Fasken Martineau DuMoulin LLP Invoice #2119887 | March 1 to March 31, 2025 | 5,107.50 | 130.00 | 255.38 | 5,492.88 · total: 5492.88 · period end: 2025-03-31 · period start: 2025-03-01 · disbursements: 130; tax: 268.43 · fees: 5368.5 · quote: Fasken Martineau DuMoulin LLP Invoice #2134519 | April 1 to April 30, 2025 | 5,368.50 | 10.00 | 268.43 | 5,646.93 · total: 5646.93 · period end: 2025-04-30 · period start: 2025-04-01 · disbursements: 10; tax: 102.85 · fees: 2057 · quote: Fasken Martineau DuMoulin LLP Invoice #2144584 | May 1 to May 31, 2025 | 2,057.00 | - | 102.85 | 2,159.85 · total: 2159.85 · period end: 2025-05-31 · period start: 2025-05-01 · firm text: Fasken Martineau DuMoulin LLP · firm quote: Fasken Martineau DuMoulin LLP Invoice #2103869 · context quote: The total fees for the Receiver's legal counsel from February 1, 2025, to May 31, 2025, are $40,244, plus disbursements of $140.