Ontario · NOI
Second Report - Proposal Trustee - The Fuller Landau Group Inc. - 08-JUL-2024
Court officer report · 8 July 2024
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What we verified from this filing8 verified · 1 withheld
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: Tax · quote: $4,297.00 · amount: 4297 · fees: quote: $36,726.50 · amount: 36726.5 · total: quote: $37,356.85 · amount: 37356.85 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $ 6.00 · amount: 6 · period: end: 2024-06-30 · kind: cumulative · label: Fee Period · quote: The Dentons fees and disbursements for the period from May 13, 2024, to June 30, 2024 (the ' Fee Period '), are set out in the invoices rendered to the Proposal Trustee · start: 2024-05-13 · approval: state: unstated · averages: rate: 716.46 · quote: $ 716.46 · currency: code: CAD · quote: $37,356.85 · invoices: tax: 3201.18 · date: 2024-06-07 · fees: 27360.5 · quote: June 7, 2024 | 3854263 | 27,360.50 · total: 27825.63 · average rate: 656.25 · disbursements: 0; tax: 1095.82 · date: 2024-07-04 · fees: 9366 · quote: July 4, 2024 | 3860740 | 9,366.00 · total: 9531.22 · average rate: 776.67 · disbursements: 6 · firm text: Dentons Canada LLP · firm quote: The Dentons fees and disbursements for the period from May 13, 2024, to June 30, 2024 · hours total: quote: 43.3 · value: 43.3 · context quote: I am a Partner with Dentons Canada LLP (' Dentons ') · discount note: text: Discount on Fees · quote: ($3,672.65); form: rate_chart · rows: Kenneth Kraft; Sara-Ann Wilson; Li Song; Rennie Ali · money: approximate: false · period: end: 2024-06-30 · kind: unstated · label: The Period · quote: Standard Billing Rates of Dentons Canada LLP The Period of May 13, 2024, to June 30, 2024 · start: 2024-05-13 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dentons Canada LLP · firm quote: Standard Billing Rates of Dentons Canada LLP · context quote: The Period of May 13, 2024, to June 30, 2024; form: time_summary · rows: Kenneth Kraft; Li Song; Rennie Ali; Sara-Ann Wilson; fees: 27360.5 · hours: 30.8 · quote: Total | 30.8 | | $27,360.50 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: HST (13.0%) on Professional Fees of $24,624.45 · quote: HST (13.0%) on Professional Fees of $24,624.45 · amount: 3201.18 · fees: quote: $ 24,624.45 · amount: 24624.45 · total: quote: $ 27,825.63 CAD · amount: 27825.63 · includes tax: true · approximate: false · period: end: 2024-06-07 · kind: invoice · quote: Date | Matter Number | Lawyer | July 4, 2024 | 563609-000008 | Kenneth Kraft · approval: state: unstated · averages: · currency: code: CAD · quote: $ 27,825.63 CAD · invoices: · firm text: Dentons Canada LLP · firm quote: The Fuller Landau Group Inc. · hours total: quote: Total | 30.8 · value: 30.8 · context quote: The Dentons fees and disbursements for the period from May 13, 2024, to June 30, 2024 · discount note: text: Less 10% Discount · quote: Less 10% Discount; form: time_summary · rows: Kenneth Kraft; Li Song; Sara-Ann Wilson; fees: 9366 · hours: 12.5 · quote: Total | 12.5 | | $9,366.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: Tax · quote: 1,095.82 · amount: 1095.82 · fees: quote: $ 8,429.40 · amount: 8429.4 · total: quote: $ 9,531.22 CAD · amount: 9531.22 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $ 6.00 · amount: 6 · period: end: 2024-07-04 · kind: invoice · quote: 28-Jun-24 | SW · approval: state: unstated · averages: · currency: code: CAD · quote: $ 9,531.22 CAD · invoices: · firm text: Dentons Canada LLP · firm quote: The Fuller Landau Group Inc. · hours total: quote: Total | 12.5 · value: 12.5 · context quote: The Dentons fees and disbursements for the period from May 13, 2024, to June 30, 2024 · discount note: text: Less 10% Discount · quote: Less 10% Discount
- financial positionnote: Balance sheet appears in the First Report (Appendix C to the Second Report); liabilities total shown ($7,476,263) excludes share capital and retained earnings, which bring the statement to $9,249,998. · as at: 2024-04-30 · basis: unaudited, draft and/or internal financial information · scope: North Wood Carpet & Tile Company Ltd. (entity-level, non-consolidated) · currency: CAD · total assets: 9249998 · total liabilities: 7476263
- operational summaryNorth Wood continues to operate in the ordinary course while the Proposal Trustee supports finalizing share purchase transactions with Floor Solutions; if those transactions close, the Company intends to withdraw its NOI and continue operating outside insolvency proceedings.
- professional feesnote: Includes HST; estimated further fees from July 1, 2024 to discharge not to exceed $50,000 plus HST. · party: Fuller Landau (Proposal Trustee) · amount: 42874.75 · period: April 30, 2024 to June 30, 2024 · currency: CAD
- recovery outcomeentries: basis: unstated · quote: It is also contemplated, as part of the Share Transactions, that Waygar's indebtedness will be repaid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Waygar · creditor name: Waygar · interim final: unstated · conditional on: In the event that the Share Transactions close · claims qualifier: unstated; basis: unstated · quote: North Wood's remaining indebtedness will not be compromised and is expected to be paid in the normal course. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: North Wood's remaining indebtedness · interim final: unstated · conditional on: In the event that the Share Transactions close · claims qualifier: unstated · stated on: 2024-07-08 · table missing:
- report date8 July 2024
- report noSecond Report
- sale outcometext: SISP approved with exclusivity period for Floor Solutions; extension sought pending closing of Share Transactions · scope: whole_business · status: pending_approval
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.