British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 16 January 2012
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What we verified from this filing13 verified
- courtSUPREME COURT OF BRITISH COLUMBIA
- court file no21321
- appointeeErnst & Young Inc.
- appointee roleReceiver
- commencement date16 March 2011
- cash on handnote: Stated as approximate cash on hand as of the end of the Reporting Period (January 10, 2012). · as at: 2012-01-10 · amount: 1000000 · currency: CAD · qualifier: approximately
- disbursementsnote: Total disbursements for the period March 16, 2011 to January 10, 2012. · since: March 16, 2011 · amount: 1065377 · currency: CAD
- operational summaryThe Receiver, through selling agent Colliers, continues to market and sell the remaining unsold Boulder Creek Villas, having completed remaining construction items and reduced on-site marketing staff for the winter season.
- professional feesnote: Approximate unpaid professional fees for administration of the receivership, not yet paid. · party: Ernst & Young Inc. (Receiver) · amount: 150000 · currency: CAD
- receipts cumulativenote: Total receipts for the period March 16, 2011 to January 10, 2012, per the Statement of Receipts and Disbursements. · since: March 16, 2011 · amount: 2058152 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Based upon the cash on hand of $1.0 million and priority payables of approximately $500,000, the Receiver is requesting court approval to disburse a $500,000 interim distribution to First Calgary (the "Interim Distribution"). · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 500000 · cumulative: false · amount high: 500000 · class label: First Calgary Savings & Credit Union Ltd. · creditor name: First Calgary Savings & Credit Union Ltd. · interim final: interim · conditional on: subject to Court approval and payment of priority payables of approximately $500,000 · currency quote: All references to currency in the Second Report are in Canadian dollars. · claims qualifier: unstated · stated on: 2012-01-16 · table missing:
- report date16 January 2012
- report noSecond Report