Alberta · Receivership (court-appointed)
Receiver's Third Report
Court officer report · 5 January 2021
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
- cash on handnote: Cash on hand per the Statement of Receipts and Disbursements (Exhibit 1.0) for Penhold Crossing Plaza Ltd. · as at: 2020-12-18 · amount: 14528 · currency: CAD
- disbursementsnote: Total Disbursements per Exhibit 1.0, including repayment of Receiver's certificate 44,000, property taxes 43,830, utilities 71,492, insurance 28,153. · since: November 8, 2019 (receivership start), through December 18, 2020 · amount: 189989 · currency: CAD
- operational summaryThe Receiver is marketing the business and property through the court-approved Sales Process (bid deadline extended to January 29, 2021) while Penhold Crossing's only income is rent from 196; the Receiver seeks to increase the Receiver's Borrowings Charge from $175,000 to $250,000.
- receipts cumulativenote: Total Receipts per Exhibit 1.0: rental income 160,380, Receiver's certificate 44,000, cash in bank 137. · since: November 8, 2019 (receivership start), through December 18, 2020 · amount: 204517 · currency: CAD
- report date5 January 2021
- report noThird Report