Ontario · Receivership (court-appointed)
Second and Final Report to Court
Court officer report · 6 November 2019
What we verified from this filing6 verified
- fee scheduleengagements: form: time_summary · rows: John Haralovich; fees: 1313 · rate: 130 · hours: 10.1 · quote: Insolvency Staff | Estate Technicans | 10.1 | $1,313.00 | $130.00 · title: Estate Technicans · row kind: bucket · rate kind: effective · name as stated: Insolvency Staff; fees: 26513 · rate: 362.7 · hours: 73.1 · quote: Total | | 73.1 | $26,513.00 | $362.70 · row kind: subtotal · rate kind: average · name as stated: Total · money: tax: label: HST · quote: plus HST of $3,446.69 · amount: 3446.69 · fees: quote: $26,513.00 · amount: 26513 · total: quote: totalling $29,959.69 · amount: 29959.69 · includes tax: true · approximate: false · period: end: 2019-11-06 · kind: invoice · quote: the detailed ledgers of the Receiver for the period of September 26, 2019 to November 6,, 2019 in the amount of $26,513.00 plus HST of $3,446.69, totalling $29,959.69. · start: 2019-09-26 · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: SECOND AND FINAL OF MNP LTD., IN ITS CAPACITY AS COURT APPOINTED RECEIVER OF MANRAY GLASS AND ALUMINÚM INC. AND 1948387 ONTARIO LTD. · hours total: quote: 73.1 · value: 73.1 · context quote: I am a Senior Vice President of MNP LTD. ("MNP"), the Licensed Insolvency Trustee ("LIT" or "Receiver") of Manray Glass and Aluminum Inc. and 1948387 Ontario Ltd. · comparability quote: The above rates charged by MNP throughout the course of these proceedings are standard and comparable to the rates charged by other LIT firms in the Ottawa market for the provision of similar services.; form: invoice_listing · rows: · money: tax: label: HST · quote: $1,816.36 · amount: 1816.36 · fees: quote: $13,960.00 · amount: 13960 · total: quote: totaling $16,125.36, inclusive of HST · amount: 16125.36 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $349.00 · amount: 349 · period: end: 2019-11-06 · kind: invoice · quote: the fees and disbursements of the Receiver's counsel for the period from September 19, 2019 to November 6, 2019 · start: 2019-09-19 · approval: state: unstated · averages: · currency: · invoices: tax: 494 · date: 2019-10-08 · fees: 3800 · quote: October 8, 2019 | $3,800.00 | $0.00 | $494.00 | $4,294.00 · total: 4294 · disbursements: 0; tax: 1322.36 · date: 2019-11-06 · fees: 10160 · quote: November 6, 2019 | $10,160.00 | $349.00 | $1,322.36 | $11,831.36 · total: 11831.36 · disbursements: 349 · firm quote: the Affidavit of Roxanne Chapman in support of the fees and disbursements of the Receiver's counsel for the period from September 19, 2019 to November 6, 2019 · context quote: the Affidavit of Roxanne Chapman in support of the fees and disbursements of the Receiver's counsel for the period from September 19, 2019 to November 6, 2019 totaling $16,125.36, inclusive of HST, plus an additional $2,500.00 plus HST to conclude the administration of the Receivership. · firm unverified: true
- operational summaryThe Receiver has not operated the Companies since its appointment; it completed the refinancing transaction, discharged the RBC mortgage, paid out RBC and CRA in full, and is now seeking its discharge as the administration is substantially complete.
- professional feesnote: Inclusive of HST; also includes projected costs to complete administration. Receiver's counsel fees for the period September 19, 2019 to November 6, 2019 totaled $16,125.36 inclusive of HST, plus an additional $2,500.00 plus HST to conclude the administration. · party: Receiver (MNP Ltd.) · amount: 29959.69 · period: September 17, 2019 to November 6, 2019 · currency: CAD
- recovery outcomeentries: basis: actual · quote: The RBC indebtedness has been paid in full and there are no other secured creditors for the Companies other than Manray's lease of a 2018 Land Rover Sport. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: RBC (secured creditor / Mortgage and first-ranking secured claim) · creditor name: Royal Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver then paid CRA the amount of $16,827.49 to satisfy the amounts owing by the Companies to CRA on account of HST remittances for the period ending September 30,2019. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · amount low: 16827.49 · amount high: 16827.49 · class label: CRA (HST remittances) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As of the date of this Final Report, the Receiver confirms that priority claims have been satisfied in full either by the Receiver or by representatives for the Companies. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: receiver · class label: Priority Claims · interim final: final · claims qualifier: unstated · stated on: 2019-11-06 · table missing:
- report date6 November 2019
- report noSecond and Final Report