Manitoba · Receivership (court-appointed)
Receiver's s.246(2) report
Court officer report · 26 July 2017
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 filing5 verified · 1 withheld
- disbursementsnote: Total disbursements before distributions to secured creditors; secured creditor distributions (RBC $600,000.00, Roynat $35,000.00) are listed separately, leaving an excess of receipts over disbursements of $1,416,851.29. · since: August 27, 2014 (date of appointment) to June 30, 2017 · amount: 496272.1 · currency: CAD
- operational summaryM&L had ceased ongoing business operations and had no construction projects in process at the time of the receivership. Its physical assets have been realized upon, and the Receiver is pursuing litigation over disputed pre-receivership construction receivables, with timing of completion depending on those proceedings.
- receipts cumulativesince: August 27, 2014 (date of appointment) to June 30, 2017 · amount: 2548123.39 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Other than secured creditors and certain trust claimants, the Receiver does not anticipate that any funds will be available for the unsecured creditors of M&L. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2017-07-26 · table missing:
- report date26 July 2017
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.