Quebec · Receivership (court-appointed)
Second Report of the Receiver dated July 25, 2025
Court officer report · 25 July 2025
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What we verified from this filing6 verified
- closing confirmedscope: the Lacombe Property · outcome: completed · effective: 2025-06-30 · date basis: stated · approval order date: 2025-06-23
- process resultsbids: 3 · note: results of Marcil Property sale process · as of: 2025-06-25 · qualified bids: 3
- purchaserGonul Bicici; price: note: The purchase price was $1.23 million · basis: cash · amount: 1230000 · sealed: false · currency: CAD · scope: the Lacombe Property · status: closed · name note: purchaser of the Lacombe Property · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Souvenir Property · status: approved · name note: purchaser of the Souvenir Property, conditional on CMHC loan assumption · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Walkley Property · status: approved · name note: purchaser of the Walkley Property, conditional on CMHC loan assumption · structure: real_property · name source: recital · relationship: unstated
- recovery outcomeentries: basis: estimated · quote: Therefore, it is not expected that there will be sufficient funds, from the sale proceeds or otherwise, to make any distributions to the other creditors of the Debtors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the other creditors of the Debtors · interim final: unstated · claims qualifier: unstated · stated on: 2025-07-25 · table missing:
- sale advisorEXP
- sale outcometext: Receiver recommends the Court approve the Marcil Transaction and issue the Marcil AVO · scope: parcel · status: pending_approval