Ontario · Receivership (court-appointed)
Final Report to the Receiver and Receiver's Receipts and Disbursements
Court officer report · 5 May 2021
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What we verified from this filing7 verified
- disbursementsnote: Total disbursements equal total receipts, resulting in excess of receipts over disbursements of $0; includes payment to secured creditor of $441,137, receiver fees and expenses of $111,679, and legal fees of $130,670. · amount: 874154 · currency: CAD
- operational summaryThe Receiver completed the liquidation of the Company's remaining assets and distributed the proceeds to the secured creditor, who was not paid in full; this notice serves as the Receiver's final report closing out the receivership.
- professional feesnote: Legal fees of $130,670 and HST on Receiver's fees of $14,518 also reported as separate disbursement line items. · party: MNP Ltd. (Receiver) · amount: 111679 · currency: CAD
- receipts cumulativenote: Total receipts for the receivership; components include sale of inventory ($740,842), insurance settlement ($100,000), cash on hand ($4,112), collection of accounts receivable ($13,244), and interest ($15,956). · amount: 874154 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The secured creditor was not paid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Creditor · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2021-05-05 · table missing:
- report date5 May 2021
- report noFinal Report of the Receiver