Alberta · Receivership (court-appointed)
Receiver's Second Report Filed January 16, 2017
Court officer report · 16 January 2017
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 of funds in bank per the Receiver's Statement of Receipts and Disbursements for the period September 19, 2016 to January 13, 2017. · as at: 2017-01-13 · amount: 367626 · currency: CAD
- disbursementssince: September 19, 2016 (Receiver's appointment), through January 13, 2017 · amount: 245942 · currency: CAD
- operational summaryThe Receiver is completing the sale of the Commercial Premises (Briave Offer accepted January 13, 2017, subject to court approval) with net proceeds going to RBC, collecting outstanding accounts receivable, dealing with a defaulting tenant, and working toward discharge. It also continues to deal with the residential Condo.
- professional feesnote: Listed as 'Receiver fees and costs'; the statement does not say whether this excludes GST. Legal fees of $33,739 are listed separately and appraisal fees of $10,050. · party: Grant Thornton Limited (Receiver) · amount: 101392 · period: September 19, 2016 to January 13, 2017 · currency: CAD
- receipts cumulativenote: Includes sale of assets $257,741, accounts receivable $188,075, rental income $106,412, tax refunds $34,623, GST collected $17,231, insurance refund $8,478 and sale of shares $1,007. · since: September 19, 2016 (Receiver's appointment), through January 13, 2017 · amount: 613569 · currency: CAD
- report date16 January 2017
- report noSecond Report