Alberta · Receivership (court-appointed)
Receiver's Second Report to Court
Court officer report · 26 January 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: Total | | 39,741.50 | 1,322.25 | 2,053.19 | 43,116.94 · amount: 2053.19 · fees: quote: Total | | 39,741.50 | 1,322.25 | 2,053.19 | 43,116.94 · amount: 39741.5 · total: quote: Total | | 39,741.50 | 1,322.25 | 2,053.19 | 43,116.94 · amount: 43116.94 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total | | 39,741.50 | 1,322.25 | 2,053.19 | 43,116.94 · amount: 1322.25 · period: kind: cumulative · approval: state: unstated · averages: · currency: · invoices: tax: 393.67 · date: 2023-05-31 · fees: 7644 · quote: 3764247 | 31-May-23 | 7,644.00 | 229.32 | 393.67 | 8,266.99 · total: 8266.99 · disbursements: 229.32; tax: 220.86 · date: 2023-06-30 · fees: 4288.5 · quote: 3772054 | 30-Jun-23 | 4,288.50 | 128.66 | 220.86 | 4,638.02 · total: 4638.02 · disbursements: 128.66; tax: 601.69 · date: 2023-08-31 · fees: 11627 · quote: 3785157 | 31-Aug-23 | 11,627.00 | 406.81 | 601.69 | 12,635.50 · total: 12635.5 · disbursements: 406.81; tax: 836.97 · date: 2023-09-30 · fees: 16182 · quote: 3792220 | 30-Sep-23 | 16,182.00 | 557.46 | 836.97 | 17,576.43 · total: 17576.43 · disbursements: 557.46 · firm text: Dentons Canada LLP · firm quote: Solicitors for the Receiver, MNP Ltd. · context quote: Solicitors for the Receiver, MNP Ltd.
- recovery outcomeentries: basis: actual · quote: In accordance with the terms of the September 13, 2023 Interim Distribution Order (the 'Distribution Order') the Receiver completed the interim distribution of $4.0 million to Servus Credit Union ('Servus') as the primary secured creditor. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 4000000 · cumulative: false · amount high: 4000000 · class label: Servus as the primary secured creditor · creditor name: Servus Credit Union · interim final: interim · claims qualifier: unstated; basis: unstated · quote: $19,070.33 to CRA for payroll source deduction arrears upon review of the statement of account and satisfaction of the validity of the amount claimed to be outstanding; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 19070.33 · cumulative: false · amount high: 19070.33 · class label: CRA for payroll source deduction arrears · creditor name: CRA · interim final: unstated · conditional on: upon review of the statement of account and satisfaction of the validity of the amount claimed to be outstanding · claims qualifier: unstated; basis: unstated · quote: Approximately $5,000 (or such amount proven as a priority on Section 81.4 of the BIA) to Service Canada in relation to the administration of WEPP; and · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 5000 · cumulative: false · amount high: 5000 · class label: Service Canada in relation to the administration of WEPP · creditor name: Service Canada · interim final: unstated · conditional on: or such amount proven as a priority on Section 81.4 of the BIA · claims qualifier: unstated; basis: unstated · quote: $1.1 million to Servus as an interim distribution of the remaining sales proceeds as the first position secured creditor. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1100000 · cumulative: false · amount high: 1100000 · class label: Servus as the first position secured creditor · creditor name: Servus Credit Union · interim final: interim · claims qualifier: unstated; basis: unstated · quote: Upon payment of the Interim Distribution, remaining professional fees and expenses the Receiver proposes to distribute the remaining balance of funds to Servus as the first position secured creditor. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · cumulative: false · class label: Servus as the first position secured creditor · creditor name: Servus Credit Union · interim final: unstated · conditional on: upon payment of the Interim Distribution, remaining professional fees and expenses · claims qualifier: unstated · stated on: 2024-01-26 · table missing: