Quebec · Receivership (court-appointed)
Fifth Interim Report of the Receiver
Court officer report · 30 September 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: Reported as 'Amount held in trust by the Receiver' on the interim statement of receipts and disbursements. The statement header says period to September 30, 2024, while paragraph 30 of the report says to August 31, 2024; as-at date left null because of this inconsistency. · amount: 222725.27 · currency: CAD
- disbursementsnote: Total disbursements per the interim statement, including taxes paid. · since: March 30, 2022 · amount: 7002428.73 · currency: CAD
- operational summaryThe Receiver is maintaining and preserving the partially built Flora condo project, with Romspen funding the work, while resolving remaining construction lien claims. It expects to surrender the property to Romspen and complete realization within about six months.
- professional feesnote: Receiver Fees, excluding GST $29,653.54 and QST $59,158.71 charged on remuneration. Legal fees/disbursements are a further $281,942.91 (excluding GST $14,071.86 and QST $28,073.31). A separate 'Professional Fees' line of $18,524.50 appears under miscellaneous disbursements. · party: MNP Ltd. (Receiver) · amount: 592445.46 · period: March 30, 2022 to September 30, 2024 · currency: CAD
- receipts cumulativenote: Includes advances from creditor $4,416,875.38 and DIP advances from secured creditor $1,584,646.29, plus tax refunds and miscellaneous items. · since: March 30, 2022 · amount: 7225154 · currency: CAD
- report date30 September 2024
- report noFifth Interim Report of the Receiver