Newfoundland and Labrador · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 16 August 2018
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What we verified from this filing10 verified
- courtSUPREME COURT OF NEWFOUNDLAND AND LABRADOR IN BANKRUPTCY AND INSOLVENCY
- court file no21491
- statutory basisBankruptcy and Insolvency Act, RSC 1985 c. B3, as amended
- appointeeBDO Canada Limited
- appointee roleCourt Appointed Receiver
- cash on handnote: Held in trust per Interim Statement of Receipts and Disbursements · as at: 2018-08-16 · amount: 380214.32 · currency: CAD
- operational summaryThe report addresses claims of creditors, particularly CRA's GST/HST and payroll deemed trust claims following the Callidus decision, and proposes a second interim distribution to TD while holding remaining funds in trust pending the Supreme Court's decision on appeal and future fees.
- recovery outcomeentries: basis: actual · quote: The Receiver proposes to make a second interim distribution to TD in the amount of $189,891.85, and to hold $190,322.47 in trust pending the outcome of the appeal of the Callidus decision, and with respect to future Receiver's and Trustee's fees. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 189891.85 · cumulative: false · amount high: 189891.85 · class label: Toronto Dominion Bank · creditor name: Toronto Dominion Bank · interim final: interim · claims qualifier: unstated · stated on: 2018-08-16 · table missing:
- report date16 August 2018
- report noSecond Report of the Receiver