Ontario · Receivership (court-appointed)
interim report under section 246(2) - multicom.pdf
Court officer report · 24 February 2014
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
- disbursementsnote: Statement of Receipts and Disbursements as at November 28, 2013. Excess of receipts over disbursements is 19,495.56. Subject to adjustments for various costs incurred between the related receivership estates. · amount: 11029.46 · currency: CAD
- operational summaryThe Receiver has obtained Court approval of its sales and marketing activities and of the sale of assets, and accounts receivable collection continues. Realizations will not be sufficient to repay the secured creditors in full, so nothing will be available to other creditors.
- receipts cumulativenote: Statement of Receipts and Disbursements as at November 28, 2013: accounts receivable 18,794.92 and cash in bank 11,730.10. Subject to adjustments for various costs incurred between the related receivership estates. · amount: 30525.02 · currency: CAD
- report date24 February 2014