Alberta · Receivership (court-appointed)
Third Report of Receiver November 16, 2017
Court officer report · 16 November 2017
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What we verified from this filing8 verified
- cash on handnote: Total estate balance across Sprockit, 1926378 and Bennett Jones Trust Account per Proposed Interim Distribution Schedule as at September 6, 2017 · as at: 2017-09-06 · amount: 1184063.2 · currency: CAD
- disbursementsnote: Total Disbursements figure stated in the Proposed Interim Distribution Schedule · since: as at September 6, 2017 (Proposed Interim Distribution Schedule) · amount: 373780.34 · currency: CAD
- operational summaryThe Receiver has sold the Commonwealth Building and, given declining app revenues and Apple compliance costs, has largely abandoned efforts to realize on Sprockit's mobile apps; realization of the Companies' property is substantially complete, with remaining work limited to tax filings, a rental reconciliation, and an interim distribution.
- professional feesnote: Excludes GST on Receiver's Fees of $8,079.68; report also separately discloses Legal Fees of $6,494.63 to Bennett Jones LLP and Accounting Services of $4,700.00 · party: Receiver (Deloitte Restructuring Inc.) · amount: 161593.65 · currency: CAD
- receipts cumulativenote: Total Receipts figure stated in the Proposed Interim Distribution Schedule · since: as at September 6, 2017 (Proposed Interim Distribution Schedule) · amount: 682498.74 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: 19.2.directing the Receiver and Bennett Jones LLP to pay interim distributions to the plaintiff or its designate the sums of $123,918.40 from the Sprockit estate and $875,344.80 from the Commonwealth Sale Proceeds with the remaining balance from the Commonwealth Sale Proceeds paid to the Receiver. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 999263.2 · amount high: 999263.2 · class label: AMA (plaintiff) · creditor name: Alberta Motor Association · interim final: interim · currency quote: All currency references in this Third Report are in Canadian dollars. · claims qualifier: unstated · stated on: 2017-11-16 · table missing:
- report date16 November 2017
- report noThird Report of the Receiver