British Columbia · NOI
Trustee’s Second Report to Court dated May 7, 2024
Court officer report · 7 May 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 filing7 verified
- cash on handnote: Cash, ending (actual) for the Variance Analysis period March 6, 2024 to April 26, 2024; projected ending cash was $47,927 (beginning cash $5,079). · as at: 2024-04-26 · amount: 326500 · currency: CAD · qualifier: actual ending cash per Variance Analysis
- disbursementsnote: Total actual disbursements per Variance Analysis; projected $655,382. · since: March 6, 2024 (Filing Date), through April 26, 2024 · amount: 716676 · currency: CAD
- operational summaryThe Company has stabilized and continued operations, paid post-filing obligations in the ordinary course, and is negotiating with CRA over excise tax arrears while preparing a proposal; management projects sufficient funds for the 13-week projection period.
- professional feesnote: Actual Proposal/NOI costs paid per the Variance Analysis versus $70,000 projected; the report does not state whether the figure excludes tax. · party: Proposal/NOI costs (Proposal Trustee and related professional costs) · amount: 59117 · period: March 6, 2024 to April 26, 2024 · currency: CAD
- receipts cumulativenote: Total actual receipts (all customer receipts) per Variance Analysis; projected $698,230. · since: March 6, 2024 (Filing Date), through April 26, 2024 · amount: 1038097 · currency: CAD
- report date7 May 2024
- report noSecond Report to Court