Alberta · Receivership (court-appointed)
Receiver’s Second Report filed February 18, 2020
Court officer report · 18 February 2020
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What we verified from this filing9 verified
- closing confirmedscope: the Equipment · outcome: completed · effective: 2019-06-20 · date basis: stated · approval order date: 2019-06-03
- operational summaryThe receivership is essentially complete: the equipment has been auctioned and sold, employee WEPPA claims paid, and the Receiver is now seeking approval of final distributions and its discharge.
- professional feesnote: Excludes GST; includes estimated remaining billings to completion of $10,000.00. · party: Receiver and its legal counsel (Blakes) · amount: 58000 · currency: CAD
- purchaserprice: note: net sale proceeds paid to the Receiver after auction expenses and commissions · basis: cash · amount: 354050.96 · sealed: false · currency: CAD · scope: the Equipment · status: closed · name note: end purchasers at auction of the Equipment, unnamed · structure: auction · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: $20,000 to Roynat in accordance with the agreement for the Receiver's use of the Premises; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 20000 · amount high: 20000 · class label: Roynat · creditor name: Roynat · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $15,693.91 to Jack Carter in full satisfaction of its secured claim against certain parts of the Property; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · amount low: 15693.91 · amount high: 15693.91 · class label: Jack Carter · creditor name: Jack Carter · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $215,389.18 to the CRA in full satisfaction of its deemed trust claim; and · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · amount low: 215389.18 · amount high: 215389.18 · class label: CRA · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The remainder of the funds, at the end of these Receivership Proceedings, to be distributed to RBC in partial satisfaction of its secured claim against the Property. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated · table missing:
- report date18 February 2020
- report noReceiver's Second Report
- sale advisorCentury Services Corp.
- sale outcometext: All Property, other than some small equipment at the Airport, was sold at the auction; proceeds of $354,050.96 were paid to the Receiver. · scope: liquidation · status: closed