Alberta · Receivership (court-appointed)
Infinity Dental Group Fourth Court Report Dated January 10, 2022
Court officer report · 10 January 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: rate_chart · rows: D. Bryan; C. Roberts; J. Pede; M. Wong; N. Chong; S. Saroya; M. Pickett; S. Corey; P. Venkat; M. Vaasjo; M. MacEwing; C. McKay; O. Banjo; Y. Huang; A. Moghtaderi; P. Pankhuri; A. Sheth; M. DeChamplain; C. Brady; D. Sahoo; M. Sakar; S. Ayala; K. S Mohit; L. Mauvais; hours: 1709.6 · quote: TOTAL HOURS | 1709.6 · row kind: subtotal · rate kind: standard · name as stated: TOTAL HOURS · money: approximate: false · disbursements: quote: The disbursements contained within the Accounts totaling $32,337.31 are comprised of: · amount: 32337.31 · period: end: 2021-10-15 · kind: invoice · quote: The Receiver's invoices and detailed billing for the period covering May 15, 2020 to October 15, 2021 are attached hereto as Exhibit "A" (the " Invoices "). · start: 2020-05-15 · approval: state: unstated · averages: · currency: · invoices: · firm text: PricewaterhouseCoopers Inc. · firm quote: FOURTH AND FINAL REPORT TO THE COURT SUBMITTED BY PRICEWATERHOUSECOOPERS INC. IN ITS CAPACITY AS RECEIVER · hours total: quote: TOTAL HOURS | 1709.6 · value: 1709.6 · context quote: In its capacity as Court Appointed Receiver of Company. · comparability quote: I submit that the Hourly Rates are reasonable and comparable to the hourly rates of other restructuring firms within the City of Edmonton of equivalent competence and expertise in the insolvency area.; form: invoice_listing · rows: · money: tax: label: GST 5% · quote: GST 5% (R119440766) | $642.10 · amount: 642.1 · fees: quote: Fees: | $12,789.00 · amount: 12789 · total: quote: Total Amount Due | $13,494.10 · amount: 13494.1 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements: | $63.00 · amount: 63 · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: tax: 642.1 · date: 2020-05-31 · fees: 12789 · quote: Invoice Number 3488686 · total: 13494.1 · disbursements: 63 · firm text: Miller Thomson LLP · firm quote: Appendix C: Invoices Rendered by Miller Thomson LLP · context quote: Appendix C: Invoices Rendered by Miller Thomson LLP
- recovery outcomeentries: basis: actual · quote: BIA Section 81.4 Priority Claims - all amounts that fall under the section 81.4 priority claims have been paid. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: receiver · class label: BIA Section 81.4 Priority Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The majority of the assets have now been realized on by the Receiver and all creditors ranking in priority to ATB have been paid in full or had assets subject to their security released to them; therefore, the Receiver is seeking approval to distribute the balance of the proceeds held in its trust account to ATB. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: all creditors ranking in priority to ATB · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: This distribution is estimated to total approximately $557,000 after consideration of a provision for professional fees including · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 557000 · cumulative: false · amount high: 557000 · class label: ATB · creditor name: ATB · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on payments made by the Receiver to ATB to date, and the proposed final distribution noted above, ATB will suffer a significant shortfall in excess of $5,000,000. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: ATB · creditor name: ATB · interim final: unstated · claims qualifier: unstated · shortfall amount: 5000000; basis: unstated · quote: Accordingly, there will be no distribution to the · pct of: unstated · outcome: nil · stated by: receiver · class label: creditors subordinate to ATB · interim final: unstated · claims qualifier: unstated · stated on: 2022-01-10 · table missing: