Ontario · Receivership (court-appointed)
First report of the Receiver, dated November 14, 2016
Court officer report · 14 November 2016
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 filing4 verified
- operational summaryThe Receiver did not take possession of the business, so the Debtors continue to operate the fueling and ground-support business themselves, with severely constrained cash flow and little reliable financial reporting. The Receiver ran a marketing process for a going-concern sale and received a single offer with deposit, still being negotiated.
- professional feesnote: Inclusive of disbursements and HST. Receiver's independent counsel SimpsonWigle LAW LLP separately incurred fees and disbursements of $29,780.00 inclusive of disbursements and HST for the same period. · party: BDO Canada Limited, as Receiver · amount: 93698.21 · period: period ended November 4, 2016 · currency: CAD
- report date14 November 2016
- report noFirst Report