Ontario · Receivership (court-appointed)
Fourth Report of the Receiver dated January 11,2017
Court officer report · 11 January 2017
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 filing11 verified
- cash on handnote: Stated as the balance of receipts less disbursements per the Interim Statement of Receipts and Disbursements for June 16, 2014 to January 9, 2017; the report does not label it as cash on hand. · as at: 2017-01-09 · amount: 143608 · currency: CAD
- disbursementssince: June 16, 2014 (initial Receiver appointment), to January 9, 2017 · amount: 87886 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: fees: quote: in the amount of $28,565.95 exclusive of HST · amount: 28565.95 · approximate: false · period: end: 2014-10-11 · kind: invoice · quote: the period from June 17 to October 11, 2014 · start: 2014-06-17 · approval: state: unstated · averages: rate: 389.85 · quote: The average hourly rate charged by the Receiver is $389.85. · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. ('MNP') was appointed Receiver · context quote: As reported in the Receiver's Third Report the Receiver issued an invoice for its fees for the period from June 17 to October 11, 2014 in the amount of $28,565.95 exclusive of HST.
- operational summaryThe Receiver is securing, preserving and maintaining the Scollard Street property and, after a court-approved sales process run through Avison Young, is seeking approval of a proposed sale agreement. Net sale proceeds will be held in trust pending the outcome of appeals of the ownership and priority decisions.
- professional feesnote: Exclusive of HST; plus disbursements of $388.49 exclusive of HST. An earlier invoice for June 17 to October 11, 2014 was $28,565.95 exclusive of HST (reported in the Third Report). Average hourly rate $389.85. · party: MNP Ltd. (Receiver) · amount: 126751.4 · period: October 12, 2014 to December 31, 2016 · currency: CAD
- purchaserprice: sealed: true · scope: the Property · status: proposed · name note: unnamed purchaser under Proposed Sale Agreement, price and details sealed in Supplemental Fourth Report · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativesince: June 16, 2014 (initial Receiver appointment), to January 9, 2017 · amount: 231494 · currency: CAD
- report date11 January 2017
- report noFourth Report of the Receiver
- sale advisorAvison Young
- sale outcometext: The Sales Process culminated in the Receiver entering into the Proposed Sale Agreement, recommended for approval · scope: parcel · status: pending_approval