Manitoba · Receivership (court-appointed)

Initial creditor notice

Notice to creditors · 12 August 2019

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

financial positionnote: Components stated: Cash $64,642; Accounts Receivable $169,126; Land and Building $28,573,982. Total liabilities not stated in the document; creditor amounts are referred to Appendix 'A' (not included in this text). As-at date is the Receivership Date (31 July 2019). · as at: 2019-07-31 · basis: Estimated net book value per unaudited financial statements provided by management on the Receivership Date; the Receiver has not yet performed an assessment of the fair market value of the assets. · scope: Combined summary of the Property of 5409676 Manitoba Ltd. and Polar Bear Properties Ltd. (Forest View Suites, Thompson, Manitoba) · currency: CAD · total assets: 28807750