Manitoba · Receivership (court-appointed)
Unfiled - Second Report of the Receiver
Court officer report · 16 May 2024
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 filing1 verified
- recovery outcomeentries: basis: estimated · quote: A distribution to CRA in the amount of $7,929.81 for its Deemed Trust claim for unremitted employee source deductions; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 7929.81 · amount high: 7929.81 · class label: Canada Revenue Agency (Deemed Trust) - Source Deductions · claims amount: 7929.81 · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: listed; basis: estimated · quote: A distribution to Service Canada in the amount of $12,160.00 pursuant to its priority WEPPA claim against the 'current assets' of Razar collected by the Receiver; · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 12160 · amount high: 12160 · class label: Service Canada (WEPPA) · claims amount: 12160 · creditor name: Service Canada · interim final: unstated · claims qualifier: listed; basis: estimated · quote: A distribution to Mercado in the amount of $87,058.60, pursuant to its purchase money security interest in the Sherp. · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 87058.6 · amount high: 87058.6 · class label: Mercado Capital Corporation · claims amount: 87058.6 · creditor name: Mercado Capital Corporation · interim final: unstated · claims qualifier: listed; basis: unstated · quote: A contingent distribution to Wells Fargo in an amount to be determined but not to exceed $54,988.85 is based on the following rationale: · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount high: 54988.85 · class label: Wells Fargo · creditor name: Wells Fargo · interim final: unstated · conditional on: distribution contingent on receipt of proof of claim from Wells Fargo · claims qualifier: unstated; basis: estimated · quote: A distribution to BMO of $304,516.13 representing the remaining funds available after the distributions contemplated above and a retention of a holdback for future fees, insurance premiums paid after May 10, 2024, outstanding professional fees, the Mercado GST/PST holdback and the costs allocated to Wells Fargo, as discussed above. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 304516.13 · amount high: 304516.13 · class label: Bank of Montreal · claims amount: 4636129.41 · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: listed · stated on: 2024-05-16 · table missing: