Ontario · CCAA
Second Report of the Monitor dated July 12, 2024
Court officer report · 12 July 2024
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: tax: label: HST · quote: HST of $4,909.97 · amount: 4909.97 · fees: quote: fees of $37,619 · amount: 37619 · total: quote: the total amount being claimed for the work performed by RECON during the Billing Period is $42,678.97 (fees of $37,619; disbursements of $150; and HST of $4,909.97) · amount: 42678.97 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $150 · amount: 150 · period: end: 2024-07-11 · kind: invoice · label: Billing Period · quote: detailing its fees and disbursements incurred for the period from April 22, 2024 to July 11, 2024 (the ' Billing Period ') · start: 2024-04-22 · approval: state: unstated · averages: rate: 601.9 · quote: at an average hourly rate of $ 601.90 , exclusive of HST · currency: · invoices: · firm text: Reconstruct LLP · firm quote: The Monitor engaged Reconstruct LLP as its legal counsel (the ' Monitor's Counsel '). · hours total: quote: RECON incurred a total of 6 2 .5 hours, at an average hourly rate of $ 601.90 , exclusive of HST. · value: 62.5 · context quote: N has prepared statements of account (the ' Accounts ') in connection with its mandate as counsel to the Monitor, detailing its fees and disbursements incurred for the period from April 22, 2024 to July 11, 2024 (the ' Billing Period ').
- recovery outcomeentries: basis: estimated · quote: Accordingly, it is anticipated that most of the proceeds will go to the DIP Lender (after satisfaction of the Administration Charge), and other than the DIP Lender there will not be any recovery for the secured and/or unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: secured and/or unsecured creditors (other than the DIP Lender) · interim final: unstated · claims qualifier: unstated · table missing: