Ontario · Receivership (court-appointed)
Receiver’s First Report (for motion returnable March 14, 2023)
Court officer report · 2 March 2023
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 filing8 verified
- cash on handnote: Figure represents 'Excess of Receipts over Disbursements' as at February 16, 2023 per the Final Statement of Receipts and Disbursements. · as at: 2023-02-16 · amount: 22509.44 · currency: CAD
- disbursementsnote: Cumulative total disbursements as at February 16, 2023 per the Final Statement of Receipts and Disbursements. · amount: 299110.87 · currency: CAD
- fee scheduleengagements: form: time_summary · rows: · money: tax: label: HST · quote: TOTAL HST: | $2,193.56 · amount: 2193.56 · total: quote: TOTAL AMOUNT DUE: | $19,067.06 · amount: 19067.06 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · quote: Billing Through: · approval: quote: approving the fees and disbursements of the Receiver and its legal counsel, Chaitons LLP (' Chaitons '), as outlined herein and detailed in the supporting fee affidavits appended hereto · state: sought · averages: · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: This first report (' First Report ') is filed by Albert Gelman Inc. (' AGI '), in its capacity as receiver · context quote: in its capacity as receiver (in such capacity, the ' Receive r') over all of the assets, undertaking and property
- operational summaryThe Company had already ceased operations before the receiver's appointment, and the Receiver liquidated remaining inventory and equipment through an online auction, collected accounts receivable, and is now completing final administrative and tax matters prior to seeking its discharge.
- professional feesnote: Legal fees of Chaitons LLP separately stated as $16,560.13 paid to October 31, 2022. · party: Receiver (Albert Gelman Inc.) · amount: 113701 · period: to December 31, 2022 · currency: CAD
- receipts cumulativenote: Cumulative total receipts as at February 16, 2023 per the Final Statement of Receipts and Disbursements. · amount: 321620.31 · currency: CAD
- report date2 March 2023
- report noFirst Report