Newfoundland and Labrador · NOI
Trustee's Second Report to Court
Court officer report · 8 June 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 filing11 verified
- courtSUPREME COURT OF NEWFOUNDLAND AND LABRADOR IN BANKRUPTCY AND INSOLVENCY
- appointeeMNP Ltd.
- appointee roleproposal trustee
- commencement date2 April 2026
- statutory basissection 50.4 of the Bankruptcy and Insolvency Act
- disbursementsnote: Figure represents actual operating costs; an additional $12,900 was paid for accounting and consulting services. · since: since the NOI (April 6, 2026 - May 30, 2026 cash flow period) · amount: 188884 · currency: CAD
- operational summaryThe Company has continued operating in the normal course, servicing existing contracts and maintaining its workforce, while management believes the business remains viable and is working toward a proposal to creditors.
- professional feesnote: The Trustee issued one invoice covering fees incurred up to April 24, 2026; the Company reported it would pay this invoice from cash on hand by June 12, 2026; no dollar amount stated. Projected professional fees for the period were $56,500. · party: Proposal Trustee (MNP Ltd.) · period: up to April 24, 2026 · currency: CAD
- receipts cumulativenote: Actual cash inflows exceeded the projected $239,200 in receipts for the same period. · since: since the NOI (April 6, 2026 - May 30, 2026 cash flow period) · amount: 300627 · currency: CAD
- report date8 June 2026
- report noSecond Report