Saskatchewan · Interim receivership
Fourth Report of the Receiver dated 19 Nov 2024
Court officer report · 19 November 2024
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 filing4 verified
- financial positionnote: Total assets stated as 'TBD' (Receiver did not have access to adequate books and records to determine net book value). Liabilities: secured creditors 2,178,307; unsecured creditors 70,282; total 2,248,589. The earlier Interim Receiver notice dated July 19, 2024 showed total liabilities of 2,063,372 (secured 2,063,353; unsecured 19). · as at: 2024-08-16 · basis: Receiver's Notice and Statement (Appendix B): creditor listing incomplete because the Receiver could not obtain adequate books and records; unaudited; unknown balances assigned a notional $1.00 · scope: Consolidated Anwar & Anwar Consulting Inc. and 102050413 Saskatchewan Inc. · currency: CAD · total liabilities: 2248589
- operational summaryThe Debtors are no longer operating: franchise agreements were terminated by H&R Block in June 2024, employees were terminated, and the Receiver has secured premises and is arranging disposition of office assets (e.g. an auction of the Saskatchewan assets on December 4, 2024) while both Debtors were assigned into bankruptcy on October 17, 2024.
- report date19 November 2024
- report noFourth Report of the Receiver