Ontario · Receivership (court-appointed)
Motion Record dated October 5, 2022
Application / notice of application · 5 October 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: total: quote: fees of $37,637.57 (inclusive of HST and disbursements) were charged by Spergel · amount: 37637.57 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2022-08-31 · kind: invoice · quote: for the period from August 23, 2022, to and including August 31, 2022 · start: 2022-08-23 · approval: quote: This Affidavit is made in support of a motion to, inter alia , approve the receipts and disbursements of the Receiver and its accounts. · state: sought · averages: rate: 310.35 · quote: This represents a total of 107.30 hours at an average rate of $310.35 per hour. · currency: · invoices: tax: 2857.01 · date: 2022-03-04 · fees: 21977 · quote: Total Professional fees | 74.80 | $293.81 | $21,977.00 · total: 24842.01 · period end: 2022-01-31 · average rate: 293.81 · disbursements: 8; tax: 1054.69 · date: 2022-08-19 · fees: 8113 · quote: Total Professional fees | 24.10 | $336.64 | $8,113.00 · total: 9167.69 · period end: 2022-07-31 · average rate: 336.64; tax: 417.37 · date: 2022-09-21 · fees: 3210.5 · quote: Total Professional fees | 8.40 | $382.20 | $3,210.50 · total: 3627.87 · period end: 2022-08-31 · average rate: 382.2 · period start: 2022-08-01 · firm text: msi Spergel inc. · firm quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver · hours total: quote: This represents a total of 107.30 hours at an average rate of $310.35 per hour. · value: 107.3 · context quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver (the ' Receiver ') appointed pursuant to the Order of the Honourable Justice Cavanagh dated August 24, 2021 · comparability quote: The hourly billing rates detailed in this Affidavit are comparable to the hourly rates charged by Spergel for services rendered in relation to similar proceedings.; form: time_summary · rows: Gillian Goldblatt; Mukul Manchanda; Paula Amaral; fees: 532.5 · rate: 161.36 · hours: 3.3 · quote: Others | 3.30 | 161.36 | 532.50 · row kind: bucket · rate kind: standard · name as stated: Others; fees: 21977 · rate: 293.81 · hours: 74.8 · quote: Total Professional fees | 74.80 | $293.81 | $21,977.00 · row kind: subtotal · rate kind: average · name as stated: Total Professional fees · money: tax: label: HST · quote: HST | | | 2,857.01 · amount: 2857.01 · fees: quote: Total Professional fees | 74.80 | $293.81 | $21,977.00 · amount: 21977 · total: quote: Total | | | $24,842.01 · amount: 24842.01 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Reimbursable expenses | | | $8.00 · amount: 8 · period: end: 2022-01-31 · kind: invoice · quote: FOR PROFESSIONAL SERVICES RENDERED in the period up to January 31, 2022, in connection with the Court · approval: state: unstated · averages: rate: 293.81 · quote: Total Professional fees | 74.80 | $293.81 | $21,977.00 · currency: · invoices: · firm text: msi Spergel inc. · firm quote: msi Spergel inc. · hours total: quote: Total Professional fees | 74.80 | $293.81 | $21,977.00 · value: 74.8 · context quote: FOR PROFESSIONAL SERVICES RENDERED in the period up to January 31, 2022, in connection with the Court; form: time_summary · rows: Gillian Goldblatt; Mukul Manchanda; Susan Downey; Paula Amaral; fees: 25 · rate: 125 · hours: 0.2 · quote: Others | 0.20 | 125.00 | 25.00 · row kind: bucket · rate kind: standard · name as stated: Others; fees: 8113 · rate: 336.64 · hours: 24.1 · quote: Total Professional fees | 24.10 | $336.64 | $8,113.00 · row kind: subtotal · rate kind: average · name as stated: Total Professional fees · money: tax: label: HST · quote: HST | | | 1,054.69 · amount: 1054.69 · fees: quote: Total Professional fees | 24.10 | $336.64 | $8,113.00 · amount: 8113 · total: quote: Total | | | $9,167.69 · amount: 9167.69 · includes tax: true · approximate: false · period: end: 2022-07-31 · kind: invoice · quote: FOR PROFESSIONAL SERVICES RENDERED in the period up to July 31, 2022, in connection with the Court Appointed Receivership. · approval: state: unstated · averages: rate: 336.64 · quote: Total Professional fees | 24.10 | $336.64 | $8,113.00 · currency: · invoices: · firm text: msi Spergel inc. · firm quote: msi Spergel inc. · hours total: quote: Total Professional fees | 24.10 | $336.64 | $8,113.00 · value: 24.1 · context quote: FOR PROFESSIONAL SERVICES RENDERED in the period up to July 31, 2022, in connection with the Court Appointed Receivership.; form: time_summary · rows: Gillian Goldblatt; Mukul Manchanda; Susan Downey; fees: 12.5 · rate: 125 · hours: 0.1 · quote: Others | 0.10 | 125.00 | 12.50 · row kind: bucket · rate kind: standard · name as stated: Others; fees: 3210.5 · rate: 382.2 · hours: 8.4 · quote: Total Professional fees | 8.40 | $382.20 | $3,210.50 · row kind: subtotal · rate kind: average · name as stated: Total Professional fees · money: tax: label: HST · quote: HST | | | 417.37 · amount: 417.37 · fees: quote: Total Professional fees | 8.40 | $382.20 | $3,210.50 · amount: 3210.5 · total: quote: Total | | | $3,627.87 · amount: 3627.87 · includes tax: true · approximate: false · period: end: 2022-08-31 · kind: invoice · quote: FOR PROFESSIONAL SERVICES RENDERED in the period from August 1 to August 31, 2022, in connection with the Court-appointed receivership proceedings. · start: 2022-08-01 · approval: state: unstated · averages: rate: 382.2 · quote: Total Professional fees | 8.40 | $382.20 | $3,210.50 · currency: · invoices: · firm text: msi Spergel inc. · firm quote: msi Spergel inc. · hours total: quote: Total Professional fees | 8.40 | $382.20 | $3,210.50 · value: 8.4 · context quote: FOR PROFESSIONAL SERVICES RENDERED in the period from August 1 to August 31, 2022, in connection with the Court-appointed receivership proceedings.
- recovery outcomeentries: basis: estimated · quote: It is anticipated that RBC will suffer a significant shortfall accordingly there will be no funds available for distribution to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that RBC will suffer a significant shortfall accordingly there will be no funds available for distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $24,428.96 to the Receiver General in respect of the HST Arrears; · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 24428.96 · amount high: 24428.96 · class label: Receiver General (HST Arrears) · creditor name: Receiver General · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: $2,000.00 to the Receiver General in respect of the priority claim pursuant to subsection 81.4(4) of the Bankruptcy and Insolvency Act (Canada); and, · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 2000 · amount high: 2000 · class label: Receiver General (s. 81.4(4) BIA priority claim) · creditor name: Receiver General · interim final: unstated · claims qualifier: unstated · stated on: 2022-09-27 · table missing: