Quebec · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 11 March 2021
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 filing7 verified
- cash on handnote: Held in the Receiver's trust account; the interim statement shows 'Encaisse à la fin' of 1,340,686 for the total period. · as at: 2021-01-31 · amount: 1340686 · currency: CAD
- disbursementsnote: Total disbursements per the interim statement to 31 January 2021; includes distributions to secured creditors of 3,796,889 $. · since: 2019-05-09 · amount: 6181567 · currency: CAD
- operational summaryProduction ceased in April 2019 and the assets were sold; the Receiver is now focused on collecting outstanding accounts receivable, including litigation against EBC Inc., Zurich (surety for Bondfield) and Groupe TNT, and no further interim distribution is planned for now.
- professional feesnote: Receiver's fees paid cumulatively since appointment; 44,575 $ during the 10 June 2020 – 31 January 2021 period (598,453 $ in the earlier period). Legal fees incurred by the Receiver's counsel: 451,876 $ cumulative (51,184 $ in the Period). Expert fees (Deloitte S.E.N.C.R.L./s.r.l.): 111,266 $ in the Period. Consultants' commissions: 435,385 $ cumulative (109,260 $ in the Period). Tax treatment not stated. · party: Séquestre (Restructuration Deloitte inc.) · amount: 643028 · period: 2019-05-08 to 2021-01-31 · currency: CAD
- receipts cumulativenote: Total receipts per the interim statement of receipts and disbursements to 31 January 2021; includes 4,923,674 $ of collected accounts receivable and 2,302,101 $ of sales outside the ordinary course. · since: 2019-05-09 · amount: 7522253 · currency: CAD
- report date11 March 2021
- report noQuatrième rapport du Séquestre au Tribunal