Alberta · Receivership (court-appointed)
Receiver's Fourth Report to Court
Court officer report · 19 December 2023
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: Reported separately per estate: $36,672 held in trust for 430 Alberta and $377,011 held in trust for 449 Alberta (not summed; the Appendix D statement shows 430 Alberta funds held in trust as 36,762, differing from the report text). · as at: 2023-12-12 · currency: CAD
- disbursementsnote: Stated per estate: 430 Alberta $483,652; 449 Alberta $487,726, for the period December 13, 2022 to December 12, 2023. Not summed. · since: December 13, 2022 (receivership order date) · currency: CAD
- operational summaryThe Receiver continues to maintain the properties and collect rent from tenants, while three remaining properties are listed and actively marketed for sale; Jasper Ave was already sold. A further $30,000 distribution to Priestner is proposed for 430 Alberta.
- receipts cumulativenote: Stated per estate: 430 Alberta $4,837,141; 449 Alberta $864,737, for the period December 13, 2022 to December 12, 2023. Not summed. · since: December 13, 2022 (receivership order date) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Based on the realizations, costs, and analysis of priorities the Receiver proposes to make an additional distribution in the amount of $30,000 to Priestner. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 30000 · amount high: 30000 · class label: Priestner (secured creditor - Mike Priestner Real Estate Inc.) · creditor name: Mike Priestner Real Estate Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Distribution to secured creditor - Mike Priestner Real Estate Inc. | 4,316,728 | | · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 4316728 · amount high: 4316728 · class label: Mike Priestner Real Estate Inc. (secured creditor - 430 Alberta) · creditor name: Mike Priestner Real Estate Inc. · interim final: unstated · claims qualifier: unstated · table missing:
- report date19 December 2023
- report noFourth Report