Ontario · Receivership (court-appointed)
246(2) nova to may 28-14.pdf
Court officer report · 12 August 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 filing6 verified
- cash on handnote: Stated as 'Excess of receipts over disbursements' (net cash position) in the Statement of Receipts and Disbursements; subject to adjustments for costs between the related Nova, Multicom, Newsweb and Diversity receivership estates. · as at: 2014-05-28 · amount: 21953.05 · currency: CAD
- disbursementssince: start of the receivership (stated as 'to date', through May 28, 2014) · amount: 407644.6 · currency: CAD
- operational summaryThe receiver is continuing to collect accounts receivable and sale proceeds. Realizations to date may not be sufficient to repay the secured creditors, leaving nothing for other creditors.
- professional feesnote: Listed as 'Receiver's fees and costs'; separate legal fees and disbursements of 121,116.66 and consultant fees of 50,183.03 also disbursed. Tax treatment not stated (HST paid is a separate line). · party: Receiver (The Fuller Landau Group Inc.) · amount: 88495.58 · period: to May 28, 2014 · currency: CAD
- receipts cumulativenote: Total receipts per the Statement of Receipts and Disbursements; the 'Miscellaneous other receipts' line is OCR-garbled ('16'998') in the source. · since: start of the receivership (stated as 'to date', through May 28, 2014) · amount: 429597.65 · currency: CAD
- report date12 August 2014