Alberta · Receivership (court-appointed)
Supplement to The Receiver's First Report
Court officer report · 10 August 2026
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What we verified from this filing10 verified
- cash on handnote: This is the balance of the RBC account (5 Star Product's pre-receivership operating account), not the Receiver's overall trust account cash position. · as at: 2026-07-31 · amount: 7174.67 · currency: CAD · qualifier: RBC pre-receivership operating account balance, not total estate cash
- closing confirmedscope: the Auction · outcome: not_completed · date basis: unstated
- fee scheduleengagements: form: time_summary · rows: Dan McCulloch; Edith Mei; Evan MacKinnon; Joe Dodard; Karen Zahacy; Matt McCulloch; Nick DiVincenzo; Trina Sorbara · money: tax: label: GST · quote: GST | 11,360.73 · amount: 11360.73 · fees: quote: Total | 250,594.00 · amount: 250594 · total: quote: Total Including Expenses and GST | Total Including Expenses and GST | | | 238,575.42 · amount: 238575.42 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Expenses | 3,849.54 · amount: 3849.54 · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: · firm text: Ernst & Young Inc. · firm quote: Ernst & Young Inc · context quote: I am a Licensed Insolvency Trustee and Senior Director of Ernst & Young Inc. ("EY"). · discount note: text: Courtesy Discount · quote: Courtesy Discount | 27,228.85; form: prose · rows: · money: · period: end: 2026-07-24 · kind: cumulative · quote: I have reviewed the invoices of Witten rendered from the inception of these Receivership Proceedings to July 24, 2026 · approval: state: unstated · averages: · currency: · invoices: · firm text: Witten LLP · firm quote: WITTEN LLP Suite 2500, 10303 Jasper Avenue Edmonton, AB TSJ 1 YS · context quote: I have reviewed the invoices of Witten rendered from the inception of these Receivership Proceedings to July 24, 2026, and I am satisfied that the services have been undertaken by Witten at the request of the Receiver and that the fees and disbursements of Witten are reasonable.
- operational summaryThe Receiver continues winding down 5 Star's affairs by disposing of remaining (including restricted) inventory, pursuing accounts receivable collection, addressing flood damage at the Lands ahead of the pending sale closing, and dealing with an uncooperative former principal.
- professional feesnote: Comprised of Receiver's fees and expenses of $238,575.42 (including GST) and counsel's fees of $31,183.57 (including GST); Receiver's amount is after a courtesy discount of $27,228.85. · party: Receiver and its counsel (Witten LLP) · amount: 269758.99 · period: March 13, 2026 to July 24, 2026 · currency: CAD
- purchaserprice: sealed: false · scope: sale of the Lands · status: approved · name note: purchaser of the Lands, unnamed · structure: real_property · name source: recital · relationship: unstated; McDougall
- report date10 August 2026
- report noSupplement to the Receiver's First Report
- sale advisorMcDougall
- sale outcometext: Court approved sale of the Lands and auction sale of the Property; auction results preliminary and not finalized · scope: whole_business · status: approved