British Columbia · Receivership (court-appointed)
Filed Fifth Report of the Receiver Manager dated October 18, 2022
Court officer report · 18 October 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 filing8 verified
- cash on handnote: Cash balance per the Interim Statement of Cash Receipts and Disbursements for the period August 4, 2021 to October 17, 2022 (excess of receipts over disbursements). · as at: 2022-10-17 · amount: 273658.23 · currency: CAD
- disbursementsnote: Total disbursements per Schedule C interim statement, including mortgage repayments to Wealth One Bank of Canada ($2,702,784.26), Jeana Ventures Ltd. ($2,835,100.00) and Gino Muoio Holdings Inc./Charles Funaro ($720,726.22). · since: August 4, 2021 (to October 17, 2022) · amount: 7002791.87 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 12,538.86 · amount: 12538.86 · fees: quote: 245,650.25 · amount: 245650.25 · total: quote: 269,904.43 · amount: 269904.43 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 11,715.32 · amount: 11715.32 · period: end: 2022-09-30 · kind: cumulative · quote: SUMMARY OF RECEIVER MANAGER'S BILLING FOR THE PERIOD AUGUST 2, 2021 TO SEPTEMBER 30, 2022 · start: 2021-08-02 · approval: state: unstated · averages: · currency: · invoices: tax: 10003.79 · date: 2022-06-23 · fees: 196069 · quote: 10982 | August 2, 202 1 to June 22, 2022 | 23-Jun-22 | 216,668.08 | 196,069.00 | 10,595.29 | 10,003.79 · total: 216668.08 · period end: 2022-06-22 · period start: 2021-08-02 · disbursements: 10595.29; tax: 953.11 · date: 2022-07-11 · fees: 18528 · quote: 11131 | June 23, 2022 to July 10, 2022 | 1 1 -Jul-22 | 20,015.26 | 18,528.00 | . 534.15 | 953.11 · total: 20015.26 · period end: 2022-07-10 · period start: 2022-06-23 · disbursements: 534.15; tax: 901.92 · date: 2022-08-15 · fees: 17616.25 · quote: 11142 | July 11, 2022 to August 14, 2022 | 1 5-Aug-22 | 18,940.36 | 17,616.25 | 422.19 | 901.92 · total: 18940.36 · period end: 2022-08-14 · period start: 2022-07-11 · disbursements: 422.19; tax: 410.15 · date: 2022-09-12 · fees: 8155.75 · quote: 11148 | August 15, 2022 to September 11, 2022 | 12-Sep-22 | 8,613.08 | 8,155.75 | 47.18 | 410.15 · total: 8613.08 · period end: 2022-09-11 · period start: 2022-08-15 · disbursements: 47.18; tax: 269.89 · date: 2022-09-30 · fees: 5281.25 · quote: 11160 | September 12, 2022 to September 30, 2022 | 30-Sep-22 | 5,667.65 | 5,281.25 | 116.51 | 269.89 · total: 5667.65 · period end: 2022-09-30 · period start: 2022-09-12 · disbursements: 116.51 · firm text: D. Manning & Associates Inc. · firm quote: SUMMARY OF INVOICES OF D. MANNING & ASSOCIATES INC. FOR THE PERIOD AUGUST 2, 2021 TO SEPTEMBER 30, 2022 · context quote: RECEIVER MANAGER OF THE ASSETS, UNDERTAKINGS AND PROPERTY OF 1103 GILSTON ROAD HOLDINGS INC.; form: invoice_listing · rows: · money: tax: label: GST · quote: 3,918.94 · amount: 3918.94 · fees: quote: 77,800.00 · amount: 77800 · total: quote: 88,086.59 · amount: 88086.59 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 921.65 · amount: 921.65 · period: end: 2022-09-12 · kind: cumulative · quote: SUMMARY OF OWEN BIRD LAW CORPORATION LEGAL INVOICES FOR THE PERIOD AUGUST 3, 2021 TO SEPTEMBER 12, 2022 · start: 2021-08-03 · approval: state: unstated · averages: · currency: · invoices: tax: 802.47 · date: 2021-10-29 · fees: 15946 · quote: 238454 | for the period ending October 29, 202 1 | 29-Oct-21 | 18,153.08 | 15,946.00 | 288.39 | 802.47 · total: 18153.08 · period end: 2021-10-29 · disbursements: 288.39; tax: 1680.23 · date: 2022-06-27 · fees: 33488 · quote: 245507 | for the period ending June 27, 2022 | 27-Jun-22 | 37,628.97 | 33,488.00 | 116.58 | 1,680.23 · total: 37628.97 · period end: 2022-06-27 · disbursements: 116.58; tax: 1436.24 · date: 2022-09-12 · fees: 28366 · quote: 247356 | for the period ending September 12, 2022 | 12-Sep-22 | 32,304.54 | 28.366.00 | 516.68 | 1,436.24 · total: 32304.54 · period end: 2022-09-12 · disbursements: 516.68 · firm text: Owen Bird Law Corporation · firm quote: SUMMARY OF INVOICES OF THE RECEIVER'S COUNSEL, OWEN BIRD LAW CORPORATION, FOR THE PERIOD AUGUST 3, 2021 TO SEPTEMBER 12, 2022 · context quote: SUMMARY OF INVOICES OF THE RECEIVER'S COUNSEL, OWEN BIRD LAW CORPORATION, FOR THE PERIOD AUGUST 3, 2021 TO SEPTEMBER 12, 2022
- operational summaryThe Property (a new single-family house in West Vancouver) was sold on July 7, 2022, and the Receiver has distributed the sale proceeds to secured mortgage holders; remaining work is wrap-up (tax filings, final accounts and discharge) and resolution of a dispute over a General Security Agreement claimed over certain chattels/fixtures.
- professional feesnote: Includes GST and disbursements (fees $245,650.25, disbursements $11,715.32, GST $12,538.86). Receiver's counsel Owen Bird Law Corporation fees for August 4, 2021 to September 12, 2022 total $88,086.59 (fees $77,800.00, disbursements $921.65, PST $5,446.00, GST $3,918.94). · party: D. Manning & Associates Inc. (Receiver) · amount: 269904.43 · period: August 2, 2021 to September 30, 2022 · currency: CAD
- receipts cumulativenote: Total receipts per Schedule C interim statement, including sale of the Property at $7,200,626.00 and Receiver Manager's borrowings of $50,000.00. Source is the markdown table in the document; amount is a stated total, not computed here. · since: August 4, 2021 (to October 17, 2022) · amount: 7276450.1 · currency: CAD
- report date18 October 2022
- report noFifth Report of the Receiver Manager