Alberta · Receivership (court-appointed)
First Report of Receiver to Court Feb 21 Final Including Schedules
Court officer report · 12 June 2018
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: Of the net auction proceeds, $20,000 is held in respect of the Vectus claim. · as at: 2018-01-31 · amount: 46302.34 · currency: CAD
- disbursementsnote: Per Schedule G; excludes unpaid professional fees of the Receiver and its counsel. · since: November 10, 2017 (to January 31, 2018) · amount: 26902.66 · currency: CAD
- operational summaryThe company, a steel fabrication and welding business, appears to have ceased operations; the Receiver sold the remaining assets at auction, collected no accounts receivable, and seeks discharge after the principal failed to provide books and records.
- professional feesnote: Excludes GST; comprises $63,907 fees and $3,195.35 disbursements. Receiver's counsel Gowlings WLG fees of $20,992.28 (excluding GST) for November 9 to December 20, 2017. Report states proceeds will be insufficient to pay outstanding professional fees, and no further invoices rendered since December 2017. · party: PricewaterhouseCoopers Inc., LIT (Receiver) · amount: 67102.35 · period: November 8, 2017 to December 15, 2017 · currency: CAD
- receipts cumulativenote: Receipts consist solely of sale of assets at auction, per Schedule G statement of receipts and disbursements. · since: November 10, 2017 (to January 31, 2018) · amount: 73205 · currency: CAD
- report date21 February 2018
- report noFirst Report