New Brunswick · Receivership (court-appointed)
Eighth Report of the Monitor dated March 3, 2026
Court officer report · 3 March 2026
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 filing8 verified
- cash on handnote: Total Cash on Hand including segregated Clear Claim funds of $157,539 is $723,809 · as at: 2026-02-27 · amount: 566270 · currency: CAD · qualifier: approximately
- disbursementssince: April 15, 2024 (Date of Receivership) · amount: 4132879 · currency: CAD
- operational summaryThe Receiver continues to operate the 720 Properties in the ordinary course through property managers, responding to a tax sale notice, a property manager transition after Van Wart's closure, and pursuing closing of the Transactions following dismissal of the SAVO Appeal.
- professional feesnote: Receiver's fees approximately $566k; counsel McInnes Cooper approximately $605k; costs prior to SAVO Appeal were $412k (Receiver) and $177k (counsel) · party: Receiver and its counsel, McInnes Cooper · amount: 605000 · period: since Date of Receivership through February 27, 2026 · currency: CAD
- receipts cumulativesince: April 15, 2024 (Date of Receivership) · amount: 4826779 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Unsecured creditors would receive a payment equal to 5% of their claim. · pct of: unstated · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: unstated · class label: Unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date3 March 2026
- report noEighth Report