Alberta · Receivership (court-appointed)
Second Report of the Receiver dated May 31, 2021
Court officer report · 31 May 2021
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 filing7 verified
- cash on handnote: Interim SRD shows ending cash balance of $120,039.30 as at May 31, 2021 · as at: 2021-05-31 · amount: 120039 · currency: CAD · qualifier: receipts in excess of disbursements
- disbursementsnote: Total cash disbursements per Interim SRD, including receiver's fees and costs $94,443.11 and legal fees and costs $51,461.82 · since: start of receivership (period ending May 31, 2021) · amount: 176505.32 · currency: CAD
- operational summaryT-Rex, formerly an excavating contractor, has ceased operating and all its employees were terminated in May 2020. The Receiver is realizing the Debtors' assets, with the Leduc Property sale pending court approval and personal property proceeds held back pending the CRA trust exam and priority serial-number claims.
- professional feesnote: Fees of $93,707.39 plus disbursements of $735.72 plus GST of $4,685.36, total $99,128.47. Receiver's counsel Cassels fees for January 28 to April 30, 2021 were $51,461.82 plus GST of $2,542.85, total $54,004.67. · party: Receiver (Grant Thornton Limited) · amount: 93707.39 · period: January 19, 2021 to April 30, 2021 · currency: CAD
- receipts cumulativenote: Total cash receipts per Interim SRD: sale of assets $280,000.00, GST collected $14,000.00, rental income $2,500.00, interest $44.62 · since: start of receivership (period ending May 31, 2021) · amount: 296544.62 · currency: CAD
- report date31 May 2021
- report noSecond Report