Ontario · Foreign recognition (CCAA)
Second Report of the Information Officer (motion returnable February 21, 2017)
Court officer report · 16 February 2017
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
- fee scheduleengagements: form: invoice_listing · rows: · money: fees: quote: amount to $103,219.50 · amount: 103219.5 · approximate: false · disbursements: quote: expenses and disbursements in the amount of $12,059.44 · amount: 12059.44 · 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: label: HST · quote: Add: HST @ 13% | | | 8,470.85 · amount: 8470.85 · fees: quote: $65,140.50 · amount: 65140.5 · total: quote: TOTAL INVOICE | | | $73,631.27 · amount: 73631.27 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: Out of pocket expenses | | | 19.92 · amount: 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: label: HST · quote: Add: HST @ 13% | | | 4,648.22 · amount: 4648.22 · fees: quote: $23,724.00 · amount: 23724 · total: quote: TOTAL INVOICE | | | $40,403.75 · amount: 40403.75 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: Out of pocket expenses including web site maintenance charges and legal Notices in The Globe & Mail newspaper | | | 12,031.53 · amount: 12031.53 · 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: label: HST · quote: Add: HST @ 13% | | | 1,867.19 · amount: 1867.19 · fees: quote: $14,355.00 · amount: 14355 · total: quote: TOTAL INVOICE | | | $16,230.18 · amount: 16230.18 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: Out of pocket expenses – courier | | | 7.99 · amount: 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: label: HST · quote: $8,292.55 · amount: 8292.55 · fees: quote: Total | Total | 69.9 | $63,289.00 · amount: 63289 · total: quote: $72,081.34 · amount: 72081.34 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $499.79 · amount: 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: label: HST · quote: HST | | 1,631.64 · amount: 1631.64 · fees: quote: Fee | | $12,402.00 · amount: 12402 · approximate: false · disbursements: quote: 149.09 · amount: 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: quote: $17,158.50 · amount: 17158.5 · total: quote: TOTAL | | $19,393.06 · amount: 19393.06 · includes tax: true · includes disbursements: true · 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 summaryThe 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 feesnote: 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.) · amount: 103219.5 · period: December 12, 2016 to February 11, 2017 · currency: USD
- recovery outcomeentries: basis: plan · quote: Canadian unsecured creditors having valid claims are unaffected by the Plan and will receive payment for their claims. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: Canadian unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing:
- report date16 February 2017
- report noSecond Report of the Information Officer