Alberta · Receivership (court-appointed)
Third Report to Court
Court officer report · 3 May 2021
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: Balance held in the Receiver's trust account per the interim statement of receipts and disbursements (statement shows excess of receipts over disbursements of $103,211.70). · as at: 2021-04-22 · amount: 103211 · currency: CAD
- disbursementssince: January 19, 2021 (to April 22, 2021) · amount: 229461.05 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: · money: total: quote: TOTAL | TOTAL | TOTAL | TOTAL | TOTAL | $50,525.85 · amount: 50525.85 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: tax: 1115.36 · date: 2021-02-22 · fees: 21700 · quote: 425883 | February 22, 2021 | $21,700.00 | $679.20 | $1,115.36 | $23,494.56 · total: 23494.56 · disbursements: 679.2; tax: 978.78 · date: 2021-03-26 · fees: 19160 · quote: 426827 | March 26, 2021 | $19,160.00 | $578.65 | $978.78 | $20,717.43 · total: 20717.43 · disbursements: 578.65; tax: 300.66 · date: 2021-04-28 · fees: 5950 · quote: 427733 | April 28, 2021 | $5,950.00 | $63.20 | $300.66 | $6,313.86 · total: 6313.86 · disbursements: 63.2 · firm text: Ogilvie LLP · firm quote: SUMMARY OF LEGAL FEES OF OGLIVIE LLP · context quote: SUMMARY OF LEGAL FEES OF OGLIVIE LLP
- operational summaryThe Receiver continues to run the Intelife security contracts business: collecting recurring monthly revenue, paying vendors, maintaining payroll for retained staff and billing/customer service, while a sale process (SISP) produced seven offers, with court approval sought for the ADT offer for the ISA contracts.
- professional feesnote: Fees and disbursements, before GST. Fees alone $119,632.30 plus disbursements $543.23. Receiver's counsel (Ogilvie LLP) fees and disbursements total $50,525.85 including GST across three invoices (Feb 22, Mar 26 and Apr 28, 2021). · party: MNP Ltd. (Receiver) · amount: 120175.53 · period: to April 23, 2021 · currency: CAD
- receipts cumulativenote: Includes $90,000 borrowed under Receiver's Certificates; recurring monthly revenue collected was $241,408.66. · since: January 19, 2021 (to April 22, 2021) · amount: 332672.75 · currency: CAD
- report date3 May 2021
- report noThird Report