Quebec · Receivership (court-appointed)
Sixth Report of the Receiver
Court officer report · 28 February 2025
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 · 1 withheld
- cash on handnote: Funds held in trust by the Receiver; the report text rounds this to 1.22 M$. Annexe A shows the same amount (1 223 125 $) as the closing trust balance. · as at: 2025-02-28 · amount: 1223125 · currency: CAD
- disbursementsnote: Cumulative total disbursements from 9 May 2019 to 28 February 2025, before distributions to secured creditors (5 996 889 $); 73 948 $ of this was disbursed from 1 September 2024 to 28 February 2025. · since: 2019-05-09 · amount: 3711802 · currency: CAD
- operational summaryThe Receiver continues to pursue the collection of disputed accounts receivable from the debtor's customers, totalling over $3.1M, together with its legal counsel and consultants. It expects this to take more than six months. No distribution to HSBC was made during the period.
- receipts cumulativenote: Cumulative total receipts from 9 May 2019 to 28 February 2025; of this, 23 175 $ (interest income) was received from 1 September 2024 to 28 February 2025. · since: 2019-05-09 · amount: 10931816 · currency: CAD
- report date28 February 2025
- report noSixième rapport provisoire du séquestre
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.