Alberta · Receivership (court-appointed)
Receiver's Sixth Report to Court
Court officer report · 30 November 2022
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 filing11 verified · 1 withheld
- closing confirmedscope: the Stony Plain Land · outcome: completed · effective: 2022-01-05 · date basis: stated · approval order date: 2021-12-17; scope: the Residential Property · outcome: completed · effective: 2022-04-20 · date basis: stated · approval order date: 2022-01-18
- disbursementsnote: In addition, $12,509,836 has been distributed to secured, priority and unsecured creditors. · since: August 27, 2021 · amount: 2069984 · currency: CAD
- operational summaryShamrock's operations were wound down following the receiver's appointment; the receiver ceased operations and terminated employees in October 2021 after refinancing fell through, and has since focused on liquidating assets, administering the claims process, and making distributions to creditors.
- professional feesnote: Disbursements of $4,936 and GST of $4,293 also stated, totaling $90,217; legal fees of Parlee Mclaws LLP for March 1, 2022 to September 30, 2022 were $123,213 in fees, $2,106 disbursements, $2,164 other charges, totaling $133,800. · party: Receiver (The Bowra Group Inc.) · amount: 80988 · period: April 1, 2022 to September 30, 2022 · currency: CAD
- purchaserprice: sealed: false · scope: Shamrock's rolling stock and the Elk Point Land · status: closed · name note: end purchasers at Ritchie Bros. auction, unnamed · structure: auction · name source: recital · relationship: unstated; price: sealed: false · scope: the Stony Plain Land · status: closed · name note: purchaser of the Stony Plain Land, unnamed · structure: real_property · name source: recital · relationship: unstated; price: sealed: false · scope: the Residential Property · status: closed · name note: purchaser of the Residential Property, unnamed · structure: real_property · name source: recital · relationship: unstated
- receipts cumulativesince: August 27, 2021 · amount: 17901972 · currency: CAD
- recovery outcomeentries: basis: actual · quote: All secured creditors, leasing creditors and priority payables as detailed in the Fifth Report of the Receiver have been paid in full in accordance with the Distribution Order. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: secured creditors, leasing creditors and priority payables · interim final: unstated · claims qualifier: unstated; basis: actual · quote: To date the Receiver has made distributions to proven Creditors totaling $2,764, 134. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: receiver · cumulative: true · class label: proven Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-11-30 · table missing:
- report date30 November 2022
- report noSixth Report
- sale advisorThe Bowra Group Inc.; Ritchie Bros. Auctioneers (Canada) Ltd.
- sale outcometext: Vacant Property listing expired and is no longer being actively marketed · scope: parcel · status: not_completed
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.