Ontario · Winding-up (provincial)
Motion Record of the Liquidator (for motion returnable January 27, 2025)
Application / notice of application · 23 January 2025
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 filing2 verified
- fee scheduleengagements: form: time_summary · rows: Bryan Gelman; Joe Albert; Tom McElroy; Suzette Warner; Robert Bubnic; fees: 82459.5 · rate: 536.15 · hours: 153.8 · quote: 153.8 | 536.15 | 82,459.50 · row kind: subtotal · rate kind: average · money: fees: quote: The Liquidator's total fees are $ 82,459.50 · amount: 82459.5 · approximate: false · period: end: 2024-12-31 · kind: cumulative · quote: An account dated February 29, 2024 for the period from February 7 to 29, 2024 of $9,107.50, plus HST thereon; · start: 2024-02-07 · approval: quote: This Affidavit is made in support of a motion to approve the accounts of Albert Gelman Inc. and for no improper purpose. · state: sought · averages: rate: 536.15 · quote: its average hourly rate is calculated to be $536.15 · currency: · invoices: date: 2024-02-29 · fees: 9107.5 · quote: An account dated February 29, 2024 for the period from February 7 to 29, 2024 of $9,107.50, plus HST thereon; · period end: 2024-02-29 · period start: 2024-02-07; date: 2024-03-31 · fees: 12499.5 · quote: An account dated March 31, 2024 for the period from March 1 to 31, 2024 of $12,499.50, plus HST thereon; · period end: 2024-03-31 · period start: 2024-03-01; date: 2024-04-30 · fees: 17285 · quote: An account dated April 30, 2024 for the period from April 1 to 30, 2024 of $17,285.00, plus HST thereon; · period end: 2024-04-30 · period start: 2024-04-01; date: 2024-07-31 · fees: 18522.5 · quote: An account dated July 31, 2024 for the period from May 1 to July 31, 2024 of $18,522.50, plus HST thereon; · period end: 2024-07-31 · period start: 2024-05-01; date: 2024-08-31 · fees: 15488 · quote: An account dated August 31, 2024 for the period from August 1 to 31, 2024 of $15,488.00, plus HST thereon; · period end: 2024-08-31 · period start: 2024-08-01; date: 2024-11-30 · fees: 4283.5 · quote: An account dated November 30, 2024 for the period from November 1 to 30, 2024 of $4,283.50, plus HST thereon; and, · period end: 2024-11-30 · period start: 2024-11-01; date: 2024-12-31 · fees: 5273.5 · quote: An account dated December 31, 2024 for the period from December 1 to 31, 2024 of $5,273.50, plus HST thereon. · period end: 2024-12-31 · period start: 2024-12-01 · firm text: Albert Gelman Inc. · firm quote: Liquidator of each of 1827403 Ontario Inc., 1853997 Ontario Inc., 1885926 Ontario Inc., 1950940 Ontario Inc., 1950941 Ontario Inc. · hours total: quote: its total hours spent is 153.8 · value: 153.8 · context quote: Lawyers for Albert Gelman Inc. in its capacity as the Court-appointed liquidator of 1827403 Ontario Inc., 1853997 Ontario Inc., 1885926 Ontario Inc., 1950940 Ontario Inc., 1950941 Ontario Inc. and 1950979 Ontario Inc.; form: invoice_listing · rows: · money: tax: label: HST · quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 2903.42 · fees: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 20266 · total: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 25251.58 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 2067.9 · period: end: 2024-12-31 · kind: cumulative · quote: Summary of Accounts of Reconstruct LLP (From February 1, 2024 to December 31, 2024) · start: 2024-02-01 · approval: state: unstated · averages: rate: 501.67 · quote: Blended Hourly Rate ($/hour) $501.67 · currency: · invoices: tax: 409.96 · date: 2024-02-12 · fees: 3153.5 · quote: Recon 495971 | February 12, 2024 | January 31, 2024 | 5.0 | $3,153.50 | $0 | $409.96 | $ 3,563.46 · total: 3563.46 · period end: 2024-01-31 · disbursements: 0; tax: 1717.42 · date: 2024-03-11 · fees: 11143 · quote: Recon 496055 | March 11, 2024 | February 28, 2024 | 21.7 | $11,143.00 | $2,067.90 | $1,717.42 | $ 14,928.32 · total: 14928.32 · period end: 2024-02-28 · disbursements: 2067.9; tax: 124.8 · date: 2024-04-14 · fees: 960 · quote: Recon 496175 | April 14, 2024 | March 31, 204 | 1.5 | $960.00 | $0 | $124.80 | $ 1,084.80 · total: 1084.8 · disbursements: 0; tax: 124.87 · date: 2024-05-13 · fees: 960.5 · quote: Recon 496242 | May 13, 2024 | April 30, 2024 | 1.8 | $960.50 | $0 | $124.87 | $1,085.37 · total: 1085.37 · period end: 2024-04-30 · disbursements: 0; tax: 216.32 · date: 2024-07-05 · fees: 1664 · quote: Recon 496408 | July 5, 2024 | June 30, 2024 | 2.6 | $1,664.00 | $0 | $216.32 | $1,880.32 · total: 1880.32 · period end: 2024-06-30 · disbursements: 0; tax: 99.84 · date: 2024-08-07 · fees: 768 · quote: Recon 496551 | August 7, 2024 | July 31, 2024 | 1.2 | $768.00 | $0 | $99.84 | $874.97 · total: 874.97 · period end: 2024-07-31 · disbursements: 0; tax: 99.84 · date: 2024-10-07 · fees: 768 · quote: Recon 496864 | October 7, 2024 | September 30, 2024 | 1.2 | $768.00 | $0 | $99.84 | $874.97 · total: 874.97 · period end: 2024-09-30 · disbursements: 0; tax: 110.37 · date: 2024-12-06 · fees: 849 · quote: Recon 497192 | December 6, 2024 | November 30, 2024 | 1.4 | $849.00 | $0 | $110.37 | $959.37 · total: 959.37 · period end: 2024-11-30 · disbursements: 0 · firm text: Reconstruct LLP · firm quote: RECONSTRUCT LLP · hours total: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · value: 36.4 · context quote: Summary of Accounts of Reconstruct LLP (From February 1, 2024 to December 31, 2024); form: time_summary · rows: Bryan A. Gelman; Robert Bubnic; Suzette Warner; Tom McElroy · money: tax: label: HST/GST · quote: TOTAL HST/GST: $556.99 · amount: 556.99 · fees: quote: Total Fees: $4,283.50 · amount: 4283.5 · total: quote: TOTAL AMOUNT DUE: $4,841.47 · amount: 4841.47 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Disbursements: $0.98 · amount: 0.98 · period: end: 2024-11-30 · kind: invoice · quote: Invoice Date: Nov 30, 2024 | Invoice No: 7609 | Billing Through: Nov 30, 2024 · start: 2024-11-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Reconstruct LLP · firm quote: RECONSTRUCT LLP · context quote: The average hourly rate charged for the invoices set out in Exhibit 'A' is $501.67.
- recovery outcomeentries: basis: estimated · quote: | Estimated shortfall to 1827403 | Estimated shortfall to 1827403 | $ 619,698 | (2) | · pct of: unstated · outcome: shortfall · class key: secured · stated by: liquidator · class label: Parkview Homes Inc. (loan owing to 1827403 Ontario Inc.) · creditor name: Parkview Homes Inc. · interim final: unstated · claims qualifier: unstated · shortfall amount: 619698; basis: unstated · quote: (a) $699,071 to Parkview; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 699071 · amount high: 699071 · class label: Creditors who filed a Proven Claim · creditor name: Parkview · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (b) $6,359 to 1612328 Ontario Inc. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: liquidator · amount low: 6359 · amount high: 6359 · class label: Creditors who filed a Proven Claim · creditor name: 1612328 Ontario Inc. · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-23 · table missing: