Ontario · Receivership (court-appointed)
246(2) Newsweb to November 28, 2014
Court officer report · 28 November 2014
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 filing5 verified
- cash on handnote: Stated as 'Excess of receipts over disbursements' in the Statement of Receipts and Disbursements as at November 28, 2014; subject to adjustments for various costs incurred between the related receivership estates. · as at: 2014-11-28 · amount: 4029.61 · currency: CAD
- disbursementsnote: Includes a transfer of 30,184.44 to Multimedia Nova Corporation trust account, clean up costs 16,122.14, utilities 9,105.99, HST paid 3,276.81, filing fee 70.00 and bank charges 8.50. · since: start of the receivership appointment, through November 28, 2014 · amount: 58767.88 · currency: CAD
- operational summaryThe Receiver reports that all assets have been realized upon to the extent possible, and that realizations will not be sufficient to repay secured creditors, leaving no funds for other creditors.
- receipts cumulativenote: Comprises sale of assets - net minimum guarantee deposit of 62,500.00 and accounts receivable of 297.49. · since: start of the receivership appointment, through November 28, 2014 · amount: 62797.49 · currency: CAD
- report date15 January 2015