Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 31 August 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: · money: fees: quote: 84.20 38,535.78 · amount: 38535.78 · approximate: false · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. was appointed as Receiver of Chateau Inn Ltd. · hours total: quote: 84.20 38,535.78 · value: 84.2 · context quote: MNP Ltd. was appointed as Receiver of Chateau Inn Ltd. ('Chateau Inn' or the 'Company') pursuant to a Court of King's Bench of Alberta (the 'Court') Order dated April 28, 2023 (the 'Receivership Order').; form: invoice_listing · rows: · money: tax: label: GST · quote: 614.53 · amount: 614.53 · fees: quote: 11,932.50 · amount: 11932.5 · total: quote: 12,905.01 · amount: 12905.01 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 357.98 · amount: 357.98 · period: kind: unstated · 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 · firm text: Dentons Canada LLP · firm quote: Solicitors for the Receiver, MNP Ltd. · context quote: Solicitors for the Receiver, MNP Ltd.
- recovery outcomeentries: basis: estimated · quote: In the event that the Court authorizes the Receiver to accept the Driedger Offer and the sale of the Hotel is completed the Receiver seeks the Courts approval to complete an interim distribution of $4.0 million to Servus as the first position secured creditor (the 'Interim Distribution'). · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 4000000 · cumulative: false · amount high: 4000000 · class label: Servus as the first position secured creditor · creditor name: Servus Credit Union Ltd. · interim final: interim · related party: false · conditional on: In the event that the Court authorizes the Receiver to accept the Driedger Offer and the sale of the Hotel is completed · claims qualifier: unstated; basis: estimated · quote: Based upon the contemplated purchase price for the Hotel the Receiver does not anticipate any distributions to creditors other than Servus from the receivership estate. · pct of: unstated · outcome: nil · stated by: receiver · class label: creditors other than Servus · interim final: unstated · conditional on: Based upon the contemplated purchase price for the Hotel · claims qualifier: unstated · stated on: 2023-08-31 · table missing: