Nova Scotia · Proposal
First Report of the Proposal Trustee
Court officer report · 22 March 2022
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
- disbursementsnote: From financial summary table since incorporation covering project development-related expenses. · since: incorporation · amount: 4563659 · currency: CAD
- operational summaryThe Cochran Group's condominium and golf resort development has effectively stalled since 2020, with no active construction by the Companies themselves, though a related company continues work on the adjacent golf course; management is pursuing a holding-type joint proposal to creditors.
- professional feesnote: Fees funded by related entity Resort Invest International GmbH; no specific amount stated for the Proposal Trustee's fees. · party: Proposal Trustee · currency: CAD
- receipts cumulativenote: From financial summary table since incorporation, consisting of condominium sales and golf membership packages receipts, net of amount held in escrow. · since: incorporation · amount: 4500463 · currency: CAD
- report date22 March 2022
- report noFirst Report of the Proposal Trustee