Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 23 March 2020
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What we verified from this filing6 verified
- disbursementssince: June 21, 2019 · amount: 719949.65 · currency: CAD
- operational summaryThe Receiver closed the sale of the ESAH clinic to Vetcan and placed ESAH into bankruptcy, is finalizing the sale of the PVH condo unit, and abandoned efforts to sell PVC's Mercy Animal Hospital shares after the ABVMA cancelled Mercy's operating license amid a shareholder dispute.
- professional feesnote: Includes disbursements of $2,770.34 for a total of $167,257.24; less courtesy discount of $30,000.00 and interim billings of $125,000.00 already paid, leaving net fees and disbursements of $12,257.24 sought for approval. Legal fees of Receiver's counsel are summarized separately as at February 29, 2020. · party: Receiver, MNP Ltd. · amount: 164486.9 · period: June 19, 2019 to March 20, 2020 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The Receiver is of the opinion that RBC holds a first ranking security interest with respect to all the Companies and is expecting a substantive shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC (secured lender) · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated · stated on: 2020-03-23 · table missing: Attached as Schedule C to the Confidential Addendurm is the Receiver's Proposed Allocation of Costs and Distributions.
- report date23 March 2020
- report noSecond Report