Ontario · Receivership (court-appointed)
Receiver's First Report
Court officer report · 21 July 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 filing10 verified
- appointeeThe Fuller Landau Group Inc.
- appointee roleCourt-Appointed Receiver
- proceeding typereceivership_court
- statutory basissection 246(2)
- cash on handnote: Reported as 'BALANCE AVAILABLE' / excess of receipts over disbursements in the Statement of Receipts and Disbursements to July 6, 2014. · as at: 2014-07-06 · amount: 3216.29 · currency: CAD
- disbursementsnote: Includes 600,000.00 payment to secured creditor, 32,475.58 receiver fees and costs, 11,225.00 commission, 6,031.44 HST paid, 2,695.00 appraisal fees, and 140.00 receivership filing fees. · since: January 6, 2014 (period January 6, 2014 to July 6, 2014) · amount: 652567.02 · currency: CAD
- operational summaryThe first-ranking secured creditor, BDC, has entered into an agreement for the sale of the properties under the receivership. Once certain administrative tasks are completed, the receivership will be complete and the Receiver will be discharged.
- professional feesnote: Line item 'Receiver fees and costs'; the statement shows HST paid separately (6,031.44), so the figure is not stated inclusive of tax. Appraisal fees of 2,695.00 and a commission of 11,225.00 are also listed as separate disbursements. · party: The Fuller Landau Group Inc. (Receiver) · amount: 32475.58 · period: January 6, 2014 to July 6, 2014 · currency: CAD
- receipts cumulativenote: Includes 600,000.00 repayment of secured debt by debtor, 26,548.68 rental income, 25,783.31 funds received from guarantor, and 3,451.32 HST collected. · since: January 6, 2014 (period January 6, 2014 to July 6, 2014) · amount: 655783.31 · currency: CAD
- report date21 July 2014