Manitoba · Receivership (court-appointed)
Receiver's Second Report dated April 27, 2023
Court officer report · 27 April 2023
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What we verified from this filing7 verified
- cash on handnote: Held in trust as Net Proceeds pending distribution. · amount: 391207 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST/PST · quote: 5,615.78 $ · amount: 5615.78 · fees: quote: Total to date | | $112,298.84 · amount: 112298.84 · total: quote: $117,930.97 · amount: 117930.97 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total to date | | $112,298.84 | 16.35 $ · amount: 16.35 · period: end: 2023-04-27 · kind: cumulative · quote: SUMMARY OF RECEIVER PROFESSIONAL FEES FOR THE PERIOD OF MAY 18, 2022 TO APRIL 27, 2023 · start: 2022-05-18 · approval: state: unstated · averages: · currency: · invoices: tax: 2209.24 · fees: 44184.78 · quote: to May 31, 2022 | LCTB-1272 | 44,184.78 $ | - $ | 44,184.78 $ | 2,209.24 $ | 46,394.02 $ · total: 46394.02 · period end: 2022-05-31 · disbursements: 0; tax: 1706.41 · fees: 34114.28 · quote: to June 30, 2022 | LCTB-1273 | 34,114.28 | 13.95 | 34,128.23 | 1,706.41 | 35,834.64 · total: 35834.64 · period end: 2022-06-30 · disbursements: 13.95; tax: 485.38 · fees: 9707.58 · quote: to July 31, 2022 | LCTB-1274 | 9,707.58 | - | 9,707.58 | 485.38 | 10,192.96 · total: 10192.96 · period end: 2022-07-31 · disbursements: 0; tax: 291.2 · fees: 5823.83 · quote: to August 31, 2022 | LCTB-1276 | 5,823.83 | - | 5,823.83 | 291.20 | 6,115.03 · total: 6115.03 · period end: 2022-08-31 · disbursements: 0; tax: 314.72 · fees: 6294.28 · quote: to September 30, 2022 | LCTB-1283 | 6,294.28 | - | 6,294.28 | 314.72 | 6,609.00 · total: 6609 · period end: 2022-09-30 · disbursements: 0; tax: 268.57 · fees: 5368.89 · quote: to October 31, 2022 | LCTB-1288 | 5,368.89 | 2.40 | 5,371.29 | 268.57 | 5,639.86 · total: 5639.86 · period end: 2022-10-31 · disbursements: 2.4; tax: 140.97 · fees: 2819.45 · quote: to November 30, 2022 | LCTB-1292 | 2,819.45 | - | 2,819.45 | 140.97 | 2,960.42 · total: 2960.42 · period end: 2022-11-30 · disbursements: 0; tax: 199.29 · fees: 3985.75 · quote: to January 31, 2023 | LCOI-6 | 3,985.75 | - | 3,985.75 | 199.29 | 4,185.04 · total: 4185.04 · period end: 2023-01-31 · disbursements: 0 · context quote: SUMMARY OF RECEIVER PROFESSIONAL FEES FOR THE PERIOD OF MAY 18, 2022 TO APRIL 27, 2023 · firm unverified: true; form: invoice_listing · rows: · money: tax: label: GST/PST · quote: 4,038.83 $ · amount: 4038.83 · fees: quote: Total to date | | 33,135.00 $ · amount: 33135 · total: quote: 40,062.59 $ · amount: 40062.59 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 2,888.76 $ · amount: 2888.76 · period: end: 2023-04-27 · kind: cumulative · quote: SUMMARY OF LEGAL COUNSEL PROFESSIONAL FEES FOR THE PERIOD OF MAY 18, 2022 TO APRIL 27, 2023 · start: 2022-05-18 · approval: state: unstated · averages: · currency: · invoices: tax: 1842.39 · fees: 15158.5 · quote: Taylor McCaffrey LLP to June 13, 2022 | 661827 | 15,158.50 $ | 1,142.25 $ | 16,300.75 $ | 1,842.39 $ | 18,143.14 $ · total: 18143.14 · period end: 2022-06-13 · disbursements: 1142.25 · firm override: Taylor McCaffrey LLP; tax: 1551.56 · fees: 12741.5 · quote: to February 22, 2023 | 676608 | 12,741.50 | 685.01 | 13,426.51 | 1,551.56 | 14,978.07 · total: 14978.07 · period end: 2023-02-22 · disbursements: 685.01; tax: 147.25 · fees: 1175 · quote: D'Arcy & Deacon LLP to June 6, 2022 | 87215 | 1,175.00 | 670.00 | 1,845.00 | 147.25 | 1,992.25 · total: 1992.25 · period end: 2022-06-06 · disbursements: 670; tax: 304.79 · fees: 2520 · quote: to June 29, 2022 | 87619 | 2,520.00 | 161.70 | 2,681.70 | 304.79 | 2,986.49 · total: 2986.49 · period end: 2022-06-29 · disbursements: 161.7; tax: 192.84 · fees: 1540 · quote: to July 27, 2022 | 87993 | 1,540.00 | 229.80 | 1,769.80 | 192.84 | 1,962.64 · total: 1962.64 · period end: 2022-07-27 · disbursements: 229.8 · context quote: SUMMARY OF LEGAL COUNSEL PROFESSIONAL FEES FOR THE PERIOD OF MAY 18, 2022 TO APRIL 27, 2023 IN THE MATTER OF THE RECEIVERSHIP OF MODERN ACRYLIC SYSTEMS LTD. · firm unverified: true
- financial positionnote: Components only, not summed: accounts and other amounts receivable - $1,006,251; and inventory and equipment - $489,199. · as at: 2022-04-25 · basis: Statement of Affairs dated April 25, 2022 · scope: Modern Acrylic Systems Ltd. (entity) · currency: CAD
- operational summaryThe Company ceased operations in April 2022 and assigned into bankruptcy; the Receiver has since realized upon all of the Company's property via auction or private sale and considers the receivership administration substantially complete, pending a proposed distribution and discharge.
- professional feesnote: Includes disbursements and applicable taxes; Receiver's Legal Counsel's accounts for the same period total $40,063, including disbursements and applicable taxes. · party: Receiver (Grant Thornton Limited) · amount: 117931 · period: from commencement of receivership proceedings to the date of this report · currency: CAD
- report date27 April 2023
- report noReceiver's Second Report