Ontario · Receivership (court-appointed)
Report of Proposal Trustee
Court officer report · 6 November 2014
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What we verified from this filing5 verified
- operational summaryMitomics' management retained day-to-day control of the business's operations under the Receiver's oversight, and the estate is proceeding through an approved BIA proposal to sell all assets to a purchaser and wind down/dissolve the company.
- professional feesnote: Includes $9,571.88 HST; Receiver estimates a further $14,407.50 (fees, disbursements and HST) accrued for final reporting. Separately, Dentons Canada LLP (counsel) accounts to October 31, 2014 total $40,220.17 (fees $34,824.00, disbursements $772.18, HST $4,623.99), with a further reserve of $16,385.00 to complete its obligations. · party: Receiver (Dodick Landau Inc.) · amount: 83201.7 · period: July 18, 2014 to October 25, 2014 · currency: CAD
- recovery outcomeentries: basis: plan · quote: any unsecured creditor that does not qualify as an accredited investor, or does not file the requisite proof with the Purchaser of such qualification (the " Ineligible Unsecured Creditor "), with claims equal to or lesser than $600, shall have its claim paid in full; or · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: proposal_trustee · class label: Ineligible Unsecured Creditor with claims equal to or lesser than $600 · interim final: unstated · claims qualifier: unstated; basis: plan · quote: any Ineligible Unsecured Creditor with claims in excess of $600 shall be entitled to elect for a payment of $600 or be paid out their proportionate share of a cash pool established by the Purchaser totalling $20,000 (the " Unsecured Payment Fund "). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · amount low: 600 · amount high: 20000 · class label: Ineligible Unsecured Creditor with claims in excess of $600 · interim final: unstated · conditional on: elect for a payment of $600 or be paid out their proportionate share of a cash pool established by the Purchaser totalling $20,000 · claims qualifier: unstated · table missing:
- report date6 November 2014
- report noSecond Report of Dodick Landau Inc. in its capacity as Receiver and First Report as Proposal Trustee