Ontario · CCAA
Third Report of Monitor - BDO Canada Limited - 2025-MAR-28
Court officer report · 28 March 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: · money: approximate: false · period: end: 2025-03-25 · kind: invoice · label: Billing Period · quote: true copies of the Statement of Accounts issued by Loopstra Nixon in respect of services rendered to the Monitor for the period from February 3, 2025, through March 25, 2025 (the ' Billing Period '). · start: 2025-02-03 · approval: state: unstated · averages: rate: 660.2 · quote: resulting in an average hourly rate of $660.20 (exclusive of applicable taxes) · currency: · invoices: · firm text: Loopstra Nixon LLP · firm quote: LOOPSTRA NIXON LLP · hours total: quote: 43.30 hours were billed by Loopstra Nixon during the Billing Period · value: 43.3 · context quote: I am a lawyer at the law firm Loopstra Nixon LLP ('Loopstra Nixon'), counsel to BDO Canada Limited, the court-appointed monitor (the 'Monitor'), in this matter. · context unverified: true
- recovery outcomeentries: basis: estimated · quote: No distribution is anticipated to arise from the Transaction and accordingly there is no impact on other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: other creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: It is not anticipated that a sale under a bankruptcy would result in a higher realization value or a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-03-28 · table missing: