Alberta · Receivership (court-appointed)
Receiver’s Second Report dated October 30, 2017
Court officer report · 30 October 2017
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
- disbursementsnote: Figure is for Lenaco Homes Masterbuilder Inc. only; other entities' disbursements are separate (e.g. 1847443 Alberta Ltd. $76,048.87; 1860808 Alberta Ltd. $165.76; 1909479 Alberta Ltd. $2,738.27). · since: 2017-08-28 (Receiver's appointment) to 2017-10-25 · amount: 1762824.17 · currency: CAD
- operational summaryOperations have ceased and employees were terminated; the Receiver closed the Vivo Downtown restaurant a week after appointment, is completing a few duplexes for sale, and is running a marketing and sales process for the remaining real estate projects and the Head Office.
- purchaserBGI
- receipts cumulativenote: Figure is for Lenaco Homes Masterbuilder Inc. only (the main operating entity); separate statements exist for each other entity (e.g. 1847443 Alberta Ltd. $246,536.02; 1860808 Alberta Ltd. $150,800.00; Lenaco Properties $800.00; 1909479 Alberta Ltd. $3,400.00). Includes $1,500,000 Receiver's Certificate borrowing and $1,973,691.83 of home sale receipts. · since: 2017-08-28 (Receiver's appointment) to 2017-10-25 · amount: 3505096.25 · currency: CAD
- report date30 October 2017
- report noSecond Report
- sale outcometext: Receiver seeks approval of the sale of Lenaco's head office to BGI, and approval of the marketing and sales process for the real estate projects under construction. · scope: parcel · status: pending_approval