Alberta · Receivership (court-appointed)
Second Report of the Trustee and Receiver and Manager dated June 19, 2020
Court officer report · 19 June 2020
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: Balance in the Receiver's account per interim statement of receipts and disbursements · as at: 2020-06-17 · amount: 39519 · currency: CAD
- disbursementsnote: From interim statement of receipts and disbursements for the period June 18, 2019 to June 17, 2020 · since: June 18, 2019 (commencement of the proceedings) · amount: 2932085 · currency: CAD
- operational summaryThe Receiver continues to oversee construction of the two-building rental apartment Project through construction manager RMS, with completion forecast for November 2020, and is seeking Court approval for additional borrowings of $17.8 million from KingSett to fund remaining construction costs due to cost overruns and delays.
- professional feesnote: Also reports Consulting fees of $223,833 and Legal fees of $180,630 for the same period. · party: Receiver (KSV Kofman Inc.) · amount: 331824 · period: June 18, 2019 to June 17, 2020 · currency: CAD
- receipts cumulativenote: From interim statement of receipts and disbursements for the period June 18, 2019 to June 17, 2020 · since: June 18, 2019 (commencement of the proceedings) · amount: 2971604 · currency: CAD
- report date19 June 2020
- report noSecond Report