Alberta · Receivership (court-appointed)
Second Report of the Receiver (February 28, 2018)
Court officer report · 28 February 2018
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 filing6 verified
- cash on handnote: Closing cash balance includes approximately $4.3 million held in trust by NRF and $1.6 million held in the Receiver's estate trust accounts. Table figures are in $000's. · as at: 2018-02-16 · amount: 5886 · currency: CAD · qualifier: in $000's per the interim statement; text rounds to $5.9 million
- disbursementsnote: Figure in $000's (approximately $1.4 million). Includes $646,000 of developer land payables and $418,000 of wages and contractor payments. · since: 2017-11-02 (date of Receivership Order), through February 16, 2018 · amount: 1413 · currency: CAD
- operational summaryThe Receiver is preserving and winterizing the home inventory, running a sales process for homes, lots and development assets (offer deadline March 9, 2018), listing five commercial properties with brokers, and keeping five former employees on contract. It is also pursuing recovery of other assets and reviewing lien and secured creditor claims.
- receipts cumulativenote: Figure in $000's (approximately $7.3 million). Includes $1.0 million of Receiver's borrowings and $5.2 million of home and lot sale proceeds. · since: 2017-11-02 (date of Receivership Order), through February 16, 2018 · amount: 7299 · currency: CAD
- report date28 February 2018
- report noSecond Report