Quebec · NOI
Trustee’s Report Since the Meeting of Creditors held on January 20, 2005 dated • March 23, 2005
Court officer report · 20 January 2005
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: Contingent liabilities of approximately $65,000 leave an available balance of only $17,000. · as at: 2005-03-22 · amount: 82152 · currency: CAD · qualifier: approximately $82,000
- disbursementsnote: This is total disbursements before remittances to secured lender; remittances to BMO of $9,373,334 were additional, resulting in funds on hand of $82,152. · since: filing date (period ended March 22, 2005) · amount: 2294106 · currency: CAD
- operational summaryThe Company's operating assets (de Ball, Asheville, GSTZ) have all been sold; the Trustee is now winding down remaining receivables, tax recoveries and liabilities, recommending adjournment to allow filing of a Liquidating Proposal.
- professional feesnote: Legal fees and costs of $367,429 also reported separately; RSM Nelson Wheeler (US$150,000) and Jones Day (US$40,000) fees paid from GSTZ sale proceeds. · party: Trustee and Interim Receiver (RSM Richter Inc.) · amount: 346992 · period: since filing to March 22, 2005 · currency: CAD
- receipts cumulativesince: filing date (period ended March 22, 2005) · amount: 11749592 · currency: CAD
- report date23 March 2005