Alberta · Receivership (court-appointed)
Second Report to Court
Court officer report · 18 March 2021
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: Receiver's trust account balance; approximately $8,000 in outstanding payables not yet cleared, reducing the balance available to approximately $62,000. · as at: 2021-03-10 · amount: 70632 · currency: CAD · qualifier: approximately $62,000 available after outstanding payables
- disbursementsnote: Includes operating expenses of $87,887.04 and payroll of $31,310.28. · since: January 19, 2021 (to March 10, 2021) · amount: 121338.03 · currency: CAD
- operational summaryThe Receiver is maintaining the operation of the security contracts (billing, customer service and monitoring) through retained Intelife staff and arrangements with Partners, and is preparing a sale and investment solicitation process for about 2,081 reconciled customer contracts.
- professional feesnote: Before GST; fees of $78,466.80 plus disbursements of $8.23. Receiver's counsel fees and disbursements totalled $23,494.56 as of February 22, 2021, with additional unbilled work in progress. · party: MNP Ltd. (Receiver) · amount: 78475.03 · period: accrued to March 9, 2021 · currency: CAD
- receipts cumulativenote: Includes recurring monthly revenue of $100,706.72, borrowing under Receiver's Certificates of $90,000.00 and an insurance refund of $1,264.09. · since: January 19, 2021 (to March 10, 2021) · amount: 191970.81 · currency: CAD
- report date15 March 2021
- report noSecond Report