Quebec · Receivership (court-appointed)
Second report of the Receiver (in French only)
Court officer report · 26 November 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 filing7 verified
- cash on handnote: Closing cash ('Trésorerie (découvert) à la fin') for Résidence Plaisance des Îles, four-week period ended Nov 22, 2024, vs. budgeted overdraft of (321,990); includes $500,000 of interim financing received. Excludes CHSLDI bank balance of $226k and $32,498 savings account (per forecast Note 9). · as at: 2024-11-22 · amount: 629164 · currency: CAD
- disbursementsnote: Total disbursements for the four-week period ended Nov 22, 2024 (actual); budget was 783,611. · since: 2024-10-26 (four-week period ended 2024-11-22) · amount: 740219 · currency: CAD
- operational summaryThe Receiver has taken possession, implemented conservatory measures, and retained Cogir Immobilier to review operations; the debtors' retirement residence continues operating with $1M interim financing deemed sufficient until January 24, 2025, while scenarios for continued operations or a sale process are being developed.
- professional feesnote: Actual receiver fees disbursed in the period were nil ('-') vs. a budget of 105,213. Forecast (not actual) receiver fees for Oct 26, 2024 – Jan 24, 2025 total 198,853, plus 124,976 for the operator. Legal and other professional fees paid in the period: 54,175 vs. budget 140,000. · party: Séquestre (PricewaterhouseCoopers Inc.) · period: Period of four weeks ended 2024-11-22 · currency: CAD
- receipts cumulativenote: Total receipts for the four-week period ended Nov 22, 2024 (actual), including $500,000 temporary financing; budget was 304,297. Receiver only effective since Nov 12, 2024. · since: 2024-10-26 (four-week period ended 2024-11-22) · amount: 1212059 · currency: CAD
- report date26 November 2024
- report noDeuxième rapport