Alberta · Receivership (court-appointed)
Fourth Report of the Receiver
Court officer report · 19 May 2009
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What we verified from this filing8 verified
- cash on handnote: Cash balance in the Receiver's trust account as at the end of the receipts and disbursements statement period. · as at: 2009-05-12 · amount: 904000 · currency: CAD
- disbursementsnote: Cumulative disbursements per Statement of Receipts and Disbursements for the period August 16, 2007 to May 12, 2009. · since: August 16, 2007 · amount: 1026830.77 · currency: CAD
- operational summaryThe Receiver is winding down the Klytie's receivership by realizing remaining U.S. real property (notably the Fredricksburg, Texas parcel), finalizing the claims process, and proposing an interim distribution to investors and creditors, with a final distribution and discharge to follow once the remaining property sale closes.
- professional feesnote: Statement of receipts and disbursements also shows Canadian legal counsel fees of $391,563.35 and other (foreign) legal counsel fees of $267,417.67 for the same period. · party: Receiver (Ernst & Young Inc.) · amount: 324239.19 · period: August 16, 2007 to May 12, 2009 · currency: CAD
- receipts cumulativenote: Cumulative receipts per Statement of Receipts and Disbursements for the period August 16, 2007 to May 12, 2009. · since: August 16, 2007 · amount: 1931235.87 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: | % distribution of total claims | 16.8% | 16.5% | · pct of: unstated · outcome: distribution · pct low: 16.5 · currency: CAD · pct high: 16.8 · class key: unsecured · stated by: receiver · amount low: 928000 · cumulative: true · amount high: 948000 · class label: investors and creditors · interim final: unstated · currency quote: CDN$ · claims qualifier: unstated; basis: actual · quote: | Canada Revenue Agency deemed trust for unremitted payroll deductions | (18,022.10) | | · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · amount low: 18022.1 · amount high: 18022.1 · class label: Canada Revenue Agency deemed trust claim for unremitted payroll deductions · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Canada Revenue Agency deemed trust for unremitted goods and services tax | (69,907.74) | | · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · amount low: 69907.74 · amount high: 69907.74 · class label: Canada Revenue Agency deemed trust claim for unremitted goods and services tax · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Secured claim of Ms. Alrod | (8,064.48) | | · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 8064.48 · amount high: 8064.48 · class label: Secured claim of Ms. Alrod · creditor name: Ms. Alrod · interim final: unstated · claims qualifier: unstated · stated on: 2009-05-19 · table missing:
- report date19 May 2009
- report noFourth Report of the Receiver