Proceedings.

Modspace

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Active
Proceeding
Foreign recognition (CCAA)Section 46 of the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
Court
Ontario Superior Court of Justice
File
CV-16-11656-00CL
Filings held34
Last activity21 Feb 2017
On the record3,555 days
Secured debt$400M
OverviewSummary updated

ModSpace is before the Ontario Superior Court of Justice (Commercial List) in a proceeding brought by Modular Space Corporation on December 22, 2016 under section 46 of the Companies' Creditors Arrangement Act, court file CV-16-11656-00CL, to have the ModSpace Chapter 11 cases recognised in Canada. The Chapter 11 filing carries a pre-packaged plan under which approximately $400 million of secured notes held by an ad hoc group of noteholders converts to equity, and the existing ABL facility is amended to provide exit financing of approximately $768 million. The US debtors guarantee ModSpace Canada's obligations under that facility, while ModSpace Canada stands clear of the US debtors' obligations. The proceeding remains active.

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Case updates33 dated entries · 1 undated
#Report

The officer filed report no. Second Report of the Information Officer. The Plan was confirmed by the US Court and involves an exchange of secured notes for equity plus a rights offering; Canadian unsecured creditors are unaffected and will be paid, while the Information Officer's remaining role is to monitor implementation of the Plan toward its expected early March 2017 effective date before being discharged.

Source: Second Report of the Information Officer (motion returnable February 21, 2017)

Undated filings1 — no date appears on the document · show
—
Filing

Application Record – Volume 2 (part 2) — Application filed

PDF

Parties

Debtor

Modspace

Information officer

Alvarez & Marsal

Capital structureAs asserted in the filings
Priority classCreditorAmountSource
SecuredSecured Noteholders (Ad Hoc Group) · in 2 casesas of pre-Filing Date — Secured Notes to be converted to equity under the Plan — Approximate figure ('approximately $400 million') as stated in Pre-Filing Report; part of pre-packaged restructuring plan — debtor: ModSpace (Chapter 11 Debtors)$400M USDFirst Report of the Information Officer (motion returnable January 25, 2017)
SecuredABL Lenders (pre-Filing Date ABL Facility) · in 3 casesas of pre-Filing Date — US revolving loan facility up to $568 million; Canadian revolving loan facility up to $200 million; US term loan up to $25,000,000 (facility limits, not balances) — Existing ABL Facility to be amended to provide exit financing of approximately $768 million per the Plan; US Debtors guarantee ModSpace Canada obligations, but ModSpace Canada does not guarantee US Debtors' obligations — debtor: ModSpace (Chapter 11 Debtors, including ModSpace Canada)—First Report of the Information Officer (motion returnable January 25, 2017)

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

Fees and ratesAs stated in the filings

8 engagements · 2 firms — latest: Torys LLP, to 28 Feb 2017, $17,158.50 in feesSecond Report of the Information Officer (motion · 21 Feb 2017

FirmPeriodHoursFeesRatesSource
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 412 Dec 2016 – 11 Feb 2017—$103,219.50not statedSecond Report of the Information Officer (motion · 21 Feb 2017
Alvarez & Marsal Canada Inc.Information officerperiod 4 of 429 Jan – 11 Feb 201720.8$14,355.00ex. tax$375 – $7653 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
3 people — Alvarez & Marsal Canada Inc., 29 Jan – 11 Feb 2017
NameTitleHoursRateFees
Alan HutchensManaging Director5.5$765$4,207.50
Jenny PoulosSenior Director14.7$675$9,922.50
R. GrunierAssociate0.6$375$225.00
Alvarez & Marsal Canada Inc.Information officerperiod 2 of 48 Jan – 28 Jan 201733.2$23,724.00ex. tax$675 – $7652 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
2 people — Alvarez & Marsal Canada Inc., 8 Jan – 28 Jan 2017
NameTitleHoursRateFees
Alan HutchensSenior Vice-President14.6$765$11,169.00
Jenny PoulosSenior Director18.6$675$12,555.00
Alvarez & Marsal Canada Inc.Information officerperiod 1 of 4—96.5$65,140.50ex. tax$375 – $7653 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
3 people — Alvarez & Marsal Canada Inc., —
NameTitleHoursRateFees
Alan HutchensManaging Director27.7$765$21,190.50
Jenny PoulosSenior Director60.5$675$40,837.50
R. GrunierAssociate8.3$375$3,112.50
Torys LLPCounselperiod 4 of 4to 28 Feb 2017—$17,158.50ex. tax$795 – $1,0502 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
2 people — Torys LLP, to 28 Feb 2017
NameTitleHoursRateFees
David Bish—9.3$1,050$9,765.00
Adam Slavens—9.3$795$7,393.50
Torys LLPCounselperiod 3 of 413 Dec 2016 – 14 Feb 201769.9$63,289.00ex. taxnot statedSecond Report of the Information Officer (motion · 21 Feb 2017
Torys LLPCounselperiod 2 of 4to 31 Jan 2017—$12,402.00ex. tax$795 – $1,0502 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
2 people — Torys LLP, to 31 Jan 2017
NameTitleHoursRateFees
David Bish—10.6$1,050$11,130.00
Adam Slavens—1.6$795$1,272.00
Torys LLPCounselperiod 1 of 4———$295 – $9553 peopleSecond Report of the Information Officer (motion · 21 Feb 2017
3 people — Torys LLP, —
NameTitleHoursRateFees
David Bish—24.1$955$23,015.50
Adam Slavens—13.1$775$10,152.50
Stacey Danis—1.9$295$560.50
Estate financialsReported figures — never derived

Professional fees to date

$103K USD

As at 21 Feb 2017Second Report of the Information Officer (motion returnable February 21, 2017)

Documents
34 filings
DateDocumentFile
Book of Authorities of the Applicant (part 1 o f 4)PDF
FactumPDF
Motion Record of the Applicant (part 1 of 5)(Motion returnable February 21, 2017)PDF
Motion Record of the Applicant (part 2 of 5)(Motion returnable February 21, 2017)PDF
Motion Record of the Applicant (part 3 of 5)(Motion returnable February 21, 2017)PDF
Motion Record of the Applicant (part 4 of 5)(Motion returnable February 21, 2017)PDF
Motion Record of the Applicant (part 5 of 5)(Motion returnable February 21, 2017)PDF
Originating Application of the Applicant (returnable February 21, 2017)PDF
Second Report of the Information Officer (motion returnable February 21, 2017)
  • Fee schedule Engagements: Form: invoice_listing · Rows: · Money: Fees: $103K · Quote: amount to $103,219.50 · Approximate: false · Disbursements: $12.1K · Quote: expenses and disbursements in the amount of $12,059.44 · Period: End: 2017-02-11 · Kind: invoice · Label: the Information Officer's Fee Period · Quote: The total fees of the Information Officer during the period from December 12, 2016, to February 11, 2017 ("the Information Officer's Fee Period") · Start: 2016-12-12 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 8470.85 · Date: 2017-01-11 · Fees: 65140.5 · Quote: TOTAL INVOICE | | | $73,631.27 · Total: 73631.27 · Disbursements: 19.92; Tax: 4648.22 · Date: 2017-01-31 · Fees: 23724 · Quote: TOTAL INVOICE | | | $40,403.75 · Total: 40403.75 · Period end: 2017-01-28 · Period start: 2017-01-08 · Disbursements: 12031.53; Tax: 1867.19 · Date: 2017-02-13 · Fees: 14355 · Quote: TOTAL INVOICE | | | $16,230.18 · Total: 16230.18 · Period end: 2017-02-11 · Period start: 2017-01-29 · Disbursements: 7.99 · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: Alvarez & Marsal Canada Inc. · Context quote: appointed Alvarez & Marsal Canada Inc. ("A&M Canada" or the "Information Officer") as the information officer; Form: time_summary · Rows: A. Hutchens; J. Poulos; R. Grunier · Money: Tax: $8.47K · Label: HST · Quote: Add: HST @ 13% | | | 8,470.85 · Fees: $65.1K · Quote: $65,140.50 · Total: $73.6K · Quote: TOTAL INVOICE | | | $73,631.27 · includes tax · includes disbursements · Approximate: false · Disbursements: $20 · Quote: Add: Out of pocket expenses | | | 19.92 · Period: Kind: invoice · Quote: INVOICE #1 - 810345 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: Alvarez & Marsal Canada Inc. · Hours total: Quote: 96.5 · Value: 96.5 · Context quote: appointed Alvarez & Marsal Canada Inc. ("A&M Canada" or the "Information Officer") as the information officer; Form: time_summary · Rows: A. Hutchens; J. Poulos · Money: Tax: $4.65K · Label: HST · Quote: Add: HST @ 13% | | | 4,648.22 · Fees: $23.7K · Quote: $23,724.00 · Total: $40.4K · Quote: TOTAL INVOICE | | | $40,403.75 · includes tax · includes disbursements · Approximate: false · Disbursements: $12K · Quote: Add: Out of pocket expenses including web site maintenance charges and legal Notices in The Globe & Mail newspaper | | | 12,031.53 · Period: End: 2017-01-28 · Kind: invoice · Quote: for the period January 8 to 28, 2017 · Start: 2017-01-08 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: Alvarez & Marsal Canada Inc. · Hours total: Quote: 33.2 · Value: 33.2 · Context quote: appointed Alvarez & Marsal Canada Inc. ("A&M Canada" or the "Information Officer") as the information officer; Form: time_summary · Rows: A. Hutchens; J. Poulos; R. Grunier · Money: Tax: $1.87K · Label: HST · Quote: Add: HST @ 13% | | | 1,867.19 · Fees: $14.4K · Quote: $14,355.00 · Total: $16.2K · Quote: TOTAL INVOICE | | | $16,230.18 · includes tax · includes disbursements · Approximate: false · Disbursements: $8 · Quote: Add: Out of pocket expenses – courier | | | 7.99 · Period: End: 2017-02-11 · Kind: invoice · Quote: for the period January 29 to February 11, 2017 · Start: 2017-01-29 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Alvarez & Marsal Canada Inc. · Firm quote: Alvarez & Marsal Canada Inc. · Hours total: Quote: 20.8 · Value: 20.8 · Context quote: appointed Alvarez & Marsal Canada Inc. ("A&M Canada" or the "Information Officer") as the information officer; Form: invoice_listing · Rows: · Money: Tax: $8.29K · Label: HST · Quote: $8,292.55 · Fees: $63.3K · Quote: Total | Total | 69.9 | $63,289.00 · Total: $72.1K · Quote: $72,081.34 · includes tax · includes disbursements · Approximate: false · Disbursements: $500 · Quote: $499.79 · Period: End: 2017-02-14 · Kind: cumulative · Quote: (December 13, 2016 – February 14, 2017) · Start: 2016-12-13 · Approval: State: unstated · Averages: · Currency: · Invoices: Tax: 4429.84 · Date: 2017-01-10 · Fees: 33728.5 · Quote: 1386790 | January 10, 2017 | 39.1 | $33,728.50 | $347.20 | $4,429.84 | $38,505.54 · Total: 38505.54 · Disbursements: 347.2; Tax: 1631.64 · Date: 2017-01-31 · Fees: 12402 · Quote: 1388905 | January 31, 2017 | 12.2 | $12,402.00 | $149.09 | $1,631.64 | $14,182.73 · Total: 14182.73 · Disbursements: 149.09; Tax: 2231.07 · Date: 2017-02-14 · Fees: 17158.5 · Quote: 1389760 | February 14, 2017 | 18.6 | $17,158.50 | $3.50 | $2,231.07 | $19,393.07 · Total: 19393.07 · Disbursements: 3.5 · Firm text: Torys LLP · Firm quote: TORYS LLP ACCOUNT SUMMARY · Hours total: Quote: 69.9 · Value: 69.9 · Context quote: TORYS LLP ACCOUNT SUMMARY; Form: time_summary · Rows: A. Slavens; D. Bish; S. Danis · Money: Approximate: false · Period: Kind: invoice · Quote: Proforma ID # 1534571 Bill # 1386790 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Torys LLP · Firm quote: TORYS -LLP · Context quote: TORYS LLP ACCOUNT SUMMARY; Form: time_summary · Rows: A. Slavens; D. Bish · Money: Tax: $1.63K · Label: HST · Quote: HST | | 1,631.64 · Fees: $12.4K · Quote: Fee | | $12,402.00 · Approximate: false · Disbursements: $149 · Quote: 149.09 · Period: End: 2017-01-31 · Kind: invoice · Quote: for the period ending January 31, 2017 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Torys LLP · Firm quote: TORYS LLP · Context quote: TORYS LLP ACCOUNT SUMMARY; Form: time_summary · Rows: A. Slavens; D. Bish · Money: Fees: $17.2K · Quote: $17,158.50 · Total: $19.4K · Quote: TOTAL | | $19,393.06 · includes tax · includes disbursements · Approximate: false · Period: End: 2017-02-28 · Kind: invoice · Quote: for the period ending February 28, 2017 · Approval: State: unstated · Averages: · Currency: · Invoices: · Firm text: Torys LLP · Firm quote: TORYS LLP · Context quote: TORYS LLP ACCOUNT SUMMARY
  • Operational summary The Plan was confirmed by the US Court and involves an exchange of secured notes for equity plus a rights offering; Canadian unsecured creditors are unaffected and will be paid, while the Information Officer's remaining role is to monitor implementation of the Plan toward its expected early March 2017 effective date before being discharged.
  • Professional fees $103K USD · Note: Excludes HST; plus expenses and disbursements of $12,059.44 also excluding HST. Torys LLP (counsel) fees for December 13, 2016 to February 14, 2017 were $63,289.00 plus $499.79 disbursements, excluding HST. · Party: Information Officer (Alvarez & Marsal Canada Inc.) · Period: December 12, 2016 to February 11, 2017
  • Recovery outcome Entries: per plan · Table missing:
  • + 2 more extracted facts
PDF
Affidavit of Rhonda Lastockin, sworn February 14, 2017PDF
Endorsement - Mr. Justice Newbould
  • Presiding officer Justice Newbould
PDF
Book of Authorities of the ApplicantPDF
Factum of the ApplicantPDF
First Report of the Information Officer (motion returnable January 25, 2017)
  • Secured creditors Note: Existing ABL Facility to be amended to provide exit financing of approximately $768 million per the Plan; US Debtors guarantee ModSpace Canada obligations, but ModSpace Canada does not guarantee US Debtors' obligations · Page: 8 · As of: pre-Filing Date · Debtor: ModSpace (Chapter 11 Debtors, including ModSpace Canada) · Creditor: ABL Lenders (pre-Filing Date ABL Facility) · Currency: USD · Security: US revolving loan facility up to $568 million; Canadian revolving loan facility up to $200 million; US term loan up to $25,000,000 (facility limits, not balances)
PDF
Motion Record of the Applicant (part 1 of 2) (Motion Returnable January 25, 2017)PDF
Motion Record of the Applicant (part 2 of 2)PDF
Order
  • Presiding officer Justice Newbould
PDF
Application Record – Volume 1 (part 1) (Motion Returnable December 27, 2016)
  • Applicant Modular Space Corporation
  • Commencement date 22 December 2016
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-16-11656-00CL
  • + 2 more extracted facts
PDF
Application Record – Volume 2 (part 1)PDF
Application Record – Volume 3 (part 1)PDF
Initial Recognition Order
  • Applicant Modular Space Corporation
  • Commencement date 27 December 2016
  • Court SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
  • Court file no CV-16-11656-00CL
  • + 2 more extracted facts
PDF
Notice of Initial Recognition OrderPDF
Report of the Proposed Information Officer (motion returnable December 27, 2016)PDF
Supplemental Order
  • Presiding officer Justice Newbould
PDF
Application Record – Volume 1 (part 2)PDF
Application Record – Volume 1 (part 3)PDF
Application Record – Volume 3 (part 2)PDF
Book of Authorities of the Applicant (Part I)PDF
Application Record – Volume 3 (part 3)PDF
Book of Authorities of the Applicant (part 4 o f 4)PDF
Book of Authorities of the Applicant (Part II)PDF
Book of Authorities of the Applicant (part 2 o f 4)
  • Presiding officer Justice Morawetz
PDF
Book of Authorities of the Applicant (part 3 o f 4)PDF
Application Record – Volume 2 (part 2)PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “Modspace” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/modspace

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Sources last checked · summary updated 1 September 2026 · Report a correction · Printed from proceedings.ca/case/modspace

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.