Quebec · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 18 November 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 filing6 verified
- disbursementsnote: Total Débours per the interim statement for the period ended 1 November 2019 (1,477,228 + 517,443 + 13,073); includes a general provision of 282,715 for future costs. Amount available for distribution: 3,974,883. · since: appointment of the Receiver (8 May 2019), through 1 November 2019 · amount: 2007744 · currency: CAD
- operational summaryProduction ceased around 27 April 2019 for lack of liquidity; the business is in receivership with its assets sold to Talbot & Associés, and the Receiver is now collecting the debtor's receivables, contractual holdbacks and claims (with litigation planned against uncooperative clients) and seeking court approval of an interim distribution to secured creditors HSBC and RBC.
- professional feesnote: Honoraires du Séquestre per the interim statement of receipts and disbursements (427,606 HSBC-column + 80,220 HSBC/RBC-column). Other professional fees in the same statement: consultants 297,035; legal fees 250,643. Tax treatment not stated. · party: Séquestre (Restructuration Deloitte inc.) · amount: 507826 · period: période terminée le 1er novembre 2019 · currency: CAD
- receipts cumulativenote: Total Recettes per the interim statement of receipts and disbursements for the period ended 1 November 2019 (3,768,734 HSBC + 2,213,893 HSBC/RBC). Start date inferred from the appointment date; the statement itself says only 'période terminée le 1er novembre 2019'. · since: appointment of the Receiver (8 May 2019), through 1 November 2019 · amount: 5982627 · currency: CAD
- report date18 November 2019
- report noDEUXIÈME RAPPORT DU SÉQUESTRE