Alberta · NOI
Third Report of the Proposal Trustee, August 20, 2020 (unfiled)
Court officer report · 20 August 2020
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: Cash balance as at August 8, 2020 · as at: 2020-08-08 · amount: 185862 · currency: CAD · qualifier: approximate
- operational summaryOlympus no longer has active operations or employees (former KFC franchise restaurants were sold or ceased operating in 2019), and is being managed from Calgary by staff of a related company while working through a claims solicitation process toward a proposal.
- professional feesnote: Forecast figure, not actual incurred fees; excludes a separate $712 forecast payment to a former employee · party: Legal counsel to the Company, the Proposal Trustee, and legal counsel to the Proposal Trustee · amount: 75000 · period: August 16 - October 17, 2020 (forecast) · currency: CAD
- report date20 August 2020
- report noThird Report