Alberta · Interim receivership
Interim Receiver's Third Report filed October 10, 2023
Court officer report · 10 October 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
- cash on handnote: Interim Receiver holds separate trust balances for each estate: $801,175 for 109 Alberta and $2,130,514 for 117 Alberta; amounts include amounts under review not yet confirmed as estate property. · as at: 2023-10-10 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: plus GST of $7,948 · amount: 7948 · fees: quote: The total fees for the Interim Receiver for the period of May 1, 2023, to September 30, 2023, are $158,963 · amount: 158963 · total: quote: for a total of $166,911 · amount: 166911 · includes tax: true · approximate: false · period: end: 2023-09-30 · kind: invoice · quote: for the period of May 1, 2023, to September 30, 2023 · start: 2023-05-01 · approval: quote: The Interim Receiver seeks to have its professional fees and disbursements ... approved by the Court · state: sought · averages: · currency: · invoices: tax: 10285.21 · fees: 203204.25 · quote: Sum of Approved Fees to April 30, 2023 · total: 213489.46 · period end: 2023-04-30 · disbursements: 0; tax: 2291.4 · fees: 45828 · quote: May 1, 2023 to May 31, 2023 | LABS-3567 | 45,828.00 · total: 48119.4 · period end: 2023-05-31 · period start: 2023-05-01 · disbursements: 0; tax: 1859.35 · fees: 37187 · quote: Jun 1, 2023 to Jun 30, 2023 | LABS-2587 | 37,187.00 · total: 39046.35 · period end: 2023-06-30 · period start: 2023-06-01 · disbursements: 0; tax: 973.7 · fees: 19474 · quote: Jul 1, 2023 to Jul 31, 2023 | LABS-3597 | 19,474.00 · total: 20447.7 · period end: 2023-07-31 · period start: 2023-07-01 · disbursements: 0; tax: 2823.71 · fees: 56474.25 · quote: Aug 1, 2023 to Sep 30, 2023 | LABS-XXXX* | 56,474.25 · total: 59297.96 · period end: 2023-09-30 · period start: 2023-08-01 · disbursements: 0 · firm text: Grant Thornton Limited · firm quote: Grant Thornton Limited (' GTL ') as the interim receiver · context quote: The Interim Receiver seeks to have its professional fees and disbursements and those of its legal counsel, Dentons, for the period of May 1, 2023, to September 30, 2023, approved by the Court; form: invoice_listing · rows: · money: tax: label: GST · quote: plus GST of $6,293 · amount: 6293 · fees: quote: The total fees of Dentons, as counsel to the Interim Receiver, for the period of May 1, 2023, to September 30, 2023, are $121,962 · amount: 121962 · total: quote: for a total of $132,210 · amount: 132210 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: plus disbursements of $3,955 · amount: 3955 · period: end: 2023-09-30 · kind: invoice · quote: for the period of May 1, 2023, to September 30, 2023 · start: 2023-05-01 · approval: quote: The Interim Receiver seeks to have its professional fees and disbursements and those of its legal counsel, Dentons ... approved by the Court · state: sought · averages: · currency: · invoices: tax: 4212.89 · fees: 81157.24 · quote: Sum of Approved Fees to April 30, 2023 | 81,157.24 | 3,150.24 · total: 88520.37 · period end: 2023-04-30 · disbursements: 3150.24; tax: 2603.7 · fees: 50397 · quote: May 1, 2023 to May 31, 2023 | 3768023 | 50,397.00 · total: 54677.61 · period end: 2023-05-31 · period start: 2023-05-01 · disbursements: 1676.91; fees: 68485 · quote: Jun 1, 2023 to Aug 31, 2023 | 3787054 | 68,485.00 · total: 70670.35 · period end: 2023-08-31 · period start: 2023-06-01 · disbursements: 2185.35 · firm text: Dentons · firm quote: its legal counsel, Dentons · context quote: The total fees of Dentons, as counsel to the Interim Receiver, for the period of May 1, 2023, to September 30, 2023, are $121,962, plus disbursements of $3,955, plus GST of $6,293, for a total of $132,210.
- operational summaryFollowing completion of the PWM and Regent sale transactions, the Companies' operations have ceased and there is no further revenue-generating activity; the Interim Receiver is now focused on collecting outstanding accounts receivable and resolving remaining disputes (CRA debts, vehicles, furniture) pending a proposed transition to a full receivership.
- professional feesnote: Includes GST of $7,948. Dentons (counsel) fees for the same period separately total $132,210 (fees $121,962 plus disbursements $3,955 plus GST $6,293). Both also estimate a further $15,750 (inclusive of GST) each to conclude the receivership. · party: Interim Receiver (Grant Thornton Limited) · amount: 166911 · period: May 1, 2023 to September 30, 2023 · currency: CAD
- report date10 October 2023
- report noThird Report