Alberta · Receivership (court-appointed)
Elaborate Second Report
Court officer report · 26 May 2011
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What we verified from this filing8 verified · 1 withheld
- disbursementsnote: Combined disbursements for Homes and Developments per Statement of Receipts and Disbursements for the period February 22, 2011 to May 20, 2011 · since: February 22, 2011 · amount: 1206894.4 · currency: CAD
- operational summaryThe Receiver maintained minimal operations of Elaborate Homes and Developments while marketing all assets for sale, and after conducting a competitive bid process is recommending court approval of an en bloc sale to the Successful Offeror, 1601812 Alberta Ltd.
- process resultsbids: 27 · note: 160 home builders and land developers received the salient fact sheet; 27 different parties submitted offers by the Offer Deadline, including three en bloc offers · as of: 2011-05-06 · solicited: 160
- purchaser1601812 Alberta Ltd.
- receipts cumulativenote: Combined receipts for Homes and Developments per Statement of Receipts and Disbursements for the period February 22, 2011 to May 20, 2011 · since: February 22, 2011 · amount: 1580237.68 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Receiver consulted with Šervus Credit Union, a significant secured creditor who will suffer a ● deficiency in its security, and it has indicated its support for proceeding with the Successful Offeror; and, · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Servus Credit Union · creditor name: Servus Credit Union · interim final: unstated · claims qualifier: unstated · stated on: 2011-05-26 · table missing:
- report date26 May 2011
- report noSecond 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.