Ontario · Receivership (court-appointed)
Motion record returnable January 24, 2022 (Part 2)
Application / notice of application · 24 January 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: fees of $37,982.50 (at an average hourly rate of $403.64) (before H.S.T.) · amount: 37982.5 · approximate: false · period: end: 2021-11-15 · kind: invoice · quote: professional fees of the Receiver incurred from June 1, 2021 to November 15, 2021 · start: 2021-06-01 · approval: state: unstated · averages: rate: 403.64 · quote: at an average hourly rate of $403.64 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO CANADA LIMITED , solely in its capacity as Court-appointed Receiver of 1635536 Ontario Inc. · context quote: professional fees of the Receiver incurred from June 1, 2021 to November 15, 2021 amount to 94.1 total hours, fees of $37,982.50 (at an average hourly rate of $403.64) (before H.S.T.); form: prose · rows: · money: fees: quote: fees of $19,672.50 (at an average hourly rate of $438.14) · amount: 19672.5 · approximate: false · disbursements: quote: disbursements of $1,716.44 (before H.S.T.) · amount: 1716.44 · period: end: 2021-10-12 · kind: invoice · quote: professional fees of the Receiver's counsel incurred from June 1, 2021 to October 12, 2021 · start: 2021-06-01 · approval: state: unstated · averages: rate: 438.14 · quote: at an average hourly rate of $438.14 · currency: · invoices: · firm text: Loopstra · firm quote: professional fees of the Receiver's counsel incurred from June 1, 2021 to October 12, 2021 · context quote: professional fees of the Receiver's counsel incurred from June 1, 2021 to October 12, 2021 amount to 44.9 total hours, fees of $19,672.50 (at an average hourly rate of $438.14) and disbursements of $1,716.44 (before H.S.T.)
- recovery outcomeentries: basis: unstated · quote: Moreover, given the shortfall suffered by LCX, LCX appears to be the only party with an economic interest in potentially pursuing claims in respect of the transfer of funds out of the BOA Account and BB&T Account. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: LCX · creditor name: LCX · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: In the event that Versitec Canada makes an assignment in bankruptcy, the HST Claim will be unsecured and will not be paid in priority to LCX. · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: receiver · class label: HST Claim · creditor name: Canada Revenue Agency · interim final: unstated · conditional on: In the event that Versitec Canada makes an assignment in bankruptcy · claims qualifier: unstated · table missing: