Nova Scotia · Receivership (court-appointed)
Second Report of MNP Ltd
Court officer report · 9 October 2024
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
- disbursementsnote: All detailed in Appendix B (interim statement of receipts and disbursements). Separately, approximately $152,263.82 of care and maintenance expenses, excluding professional fees, had been incurred and paid as of September 5, 2024. · since: October 14, 2021 (to September 5, 2024) · amount: 406221.53 · currency: CAD
- operational summaryThe debtor's ice-surface rental business is not operating; the Receiver decommissioned the collapsed dome, is maintaining the Property, and is seeking approval of a sales and investment solicitation process to market it. The entire receivership is funded by advances from the senior secured creditor HarbourEdge, with no operating receipts.
- professional feesnote: Stated as plus HST. Receiver's own fees billed and collected to end of July 2024: $167,361.83, plus a further $5,451.60 incurred but unbilled; counsel to the Receiver has billed and collected $53,470.96. Estimated further fees of $75,000 to $105,000 plus HST combined for the Receiver and its counsel. · party: Receiver (MNP Ltd.) and Receiver's counsel combined · amount: 220832.79 · period: to the date of this report · currency: CAD
- receipts cumulativenote: Comprises $406,163.34 in advances received from HarbourEdge and $219.59 in interest. No sales of assets or receipts from operations. · since: October 14, 2021 (to September 5, 2024) · amount: 406382.93 · currency: CAD
- report date5 September 2024
- report noSecond Report