Manitoba · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 29 August 2023
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What we verified from this filing9 verified
- cash on handnote: Paragraph 20 states 'approximately $462,000'; paragraph 23 states the precise figure of $461,740. · as at: 2023-08-29 · amount: 461740 · currency: CAD · qualifier: approximately $462,000 per narrative statement
- disbursementsnote: Narrative states disbursements totalled approximately $765,000, comprising rental costs, computer/operational expenditures, payroll, insurance, appraisal and miscellaneous disbursements. · since: Receivership Date (March 17, 2022) · amount: 762264 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: fees: quote: 251,267.49 $ · amount: 251267.49 · total: quote: 253,104.69 $ · amount: 253104.69 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: 1,837.20 $ · amount: 1837.2 · period: end: 2023-08-29 · kind: cumulative · label: the period of March 17, 2022 to Aug 29, 2023 · quote: Schedule of Professional Fees for the period of March 17, 2022 to Aug 29, 2023 · start: 2022-03-17 · approval: state: unstated · averages: · currency: · invoices: date: 2022-04-01 · fees: 56775 · quote: CA12C500007897 | 01-Apr-22 | 181.3 | 56,775.00 $ | | 56,775.00 $ · total: 56775; date: 2022-04-20 · fees: 58725.88 · quote: CA12C500007950 | 20-Apr-22 | 166.0 | 58,725.88 | 766.6 | 59,492.50 · total: 59492.5 · disbursements: 766.6; date: 2022-12-20 · fees: 53929.42 · quote: CA12C500008758 | 20-Dec-22 | 149.5 | 53,929.42 | 1,070.6 | 55,000.00 · total: 55000 · disbursements: 1070.6; date: 2023-02-01 · fees: 85000 · quote: CA12C500008877 | 01-Feb-23 | 279.1 | 85,000.00 | | 85,000.00 · total: 85000; date: 2023-03-14 · fees: -3162.81 · quote: CA12C500008877 - Refund | 14-Mar-23 | | (3,162.81) | | (3,162.81) · total: -3162.81 · firm text: Ernst & Young Inc. · firm quote: Summary of Invoices issued by Ernst & Young Inc. · context quote: ERNST & YOUNG INC. Receiver of The Winning Combination, Inc.; form: invoice_listing · rows: · money: approximate: false · period: end: 2023-08-29 · kind: cumulative · label: the period of March 17, 2022 to Aug 29, 2023 · quote: Schedule of Professional Fees for the period of March 17, 2022 to Aug 29, 2023 · start: 2022-03-17 · approval: state: unstated · averages: · currency: · invoices: date: 2022-03-31 · quote: # 666546 | 31-Mar-22 | 17.4 | 8,496.35 $ $ · total: 8496.35 · firm text: Thompson Dorfman Sweatman LLP · firm quote: Summary of Invoices issued by Thompson Dorfman Sweatman LLP · context unverified: true
- operational summaryTWC's business operations remain suspended (no sales, manufacturing or shipping since receivership began), and the Receiver has substantially completed the receivership administration, with only the CRA distribution and an ongoing Health Canada litigation claim left to resolve before final discharge.
- professional feesnote: Excludes GST. Receiver's legal counsel's (Thompson Dorfman Sweatman LLP) fees separately total $58,780.60 (excluding GST); combined total professional fees of $311,885.29 shown in Appendix B. · party: Receiver (Ernst & Young Inc.) · amount: 253104.69 · period: March 17, 2022 to August 29, 2023 · currency: CAD
- receipts cumulativenote: Narrative states receipts totalled approximately $1,224,000, inclusive of AR collections of approximately $89,500 transferred by HSBC. · since: Receivership Date (March 17, 2022) · amount: 1224004 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: | Proposed Interim Distribution to CRA | 390,000 | · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 390000 · amount high: 390000 · class label: CRA · creditor name: CRA · interim final: interim · related party: false · claims qualifier: unstated · stated on: 2023-08-29 · table missing:
- report date29 August 2023
- report noSecond Report of the Receiver