Saskatchewan · Bankruptcy
Trustee's Fourth Report
Court officer report · 20 January 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
- closing confirmedscope: the Cranbrook Property · outcome: completed · date basis: unstated · approval order date: 2021-12-22; scope: the Oak and Ash Lands · outcome: not_completed · date basis: unstated; scope: the 206 Lands · outcome: not_completed · date basis: unstated
- operational summaryThe FireSong Group entities continue limited operations (cabin rentals, horse boarding, CERS subsidies) while pursuing sales of the Oak and Ash and 206 farmlands and financing for a proposal; the planned farmland sales did not close in December 2021, triggering a material adverse change report, and the Trustee supports a 45-day extension to file a proposal.
- purchaserDallas Nutt and Renee Nutt; price: sealed: false · scope: the sale of the 206 Lands · status: not_completed · name note: purchaser of the 206 Lands, unnamed · structure: real_property · name source: operative · relationship: unstated; price: sealed: false · scope: the sale of the Cranbrook Property · status: closed · name note: purchaser of the Cranbrook Property, unnamed · structure: real_property · name source: operative · relationship: unstated
- report date20 January 2022
- report noFourth Report
- sale outcometext: A prior sale agreement contemplating the sale of the Farmlands did not close as originally projected; Management continues working with the prospective purchaser to secure financing. · scope: parcel · status: not_completed