Ontario · NOI
Motion Record (returnable December 17, 2021) – dated December 14, 2021
Application / notice of application · 14 December 2021
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: prose · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: during the Period at an average blended hourly rate of $447.08 · approval: state: unstated · averages: rate: 447.08 · quote: an average blended hourly rate of $447.08 · currency: · invoices: · firm text: Richter · firm quote: Richter's staff has expended a total of 303.45 professional hours during the Period at an average blended hourly rate of $447.08. · hours total: quote: expended a total of 303.45 professional hours during the Period · value: 303.45 · context quote: In the course of performing its duties as Trustee and financial advisor, Richter's staff has expended a total of 303.45 professional hours during the Period at an average blended hourly rate of $447.08.; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 499.71 · quote: The average hourly rate of Aird & Berlis LLP is $499.71. · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: The average hourly rate of Aird & Berlis LLP is $499.71. · context quote: The average hourly rate of Aird & Berlis LLP is $499.71.
- recovery outcomeentries: basis: liquidation_alternative · quote: Consequently, the Trustee estimates that, in a liquidation scenario, there would be no funds available from realizing on the Company's assets to satisfy obligations owing to any of Junction's creditors ranking subordinate to FCC, its unsecured creditors, or its shareholders. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: Junction's creditors ranking subordinate to FCC, its unsecured creditors, or its shareholders · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: Based on the Liquidation Analysis, which, among other things, considers the findings from the Appraisal Report, the Trustee estimates that the recoveries from the Company's assets in a liquidation, net of any costs of realization, would result in a significant shortfall to FCC. · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: Farm Credit Canada (FCC) · creditor name: Farm Credit Canada · interim final: unstated · claims qualifier: unstated · table missing: