British Columbia · Receivership (court-appointed)
Second Report of Receiver (January 29, 2024)
Court officer report · 29 January 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: Jervis Rodrigues; Chris Bowra; Martin Chän; Troy Chesley; rate: 180 · hours: 2.9 · quote: Office Administration. | | 180 | 2.90 · row kind: bucket · rate kind: average · name as stated: Office Administration.; rate: 412 · hours: 157.9 · quote: 412 | 157.90 · row kind: subtotal · rate kind: average · name as stated: Total · money: tax: label: GST · quote: GST | 3,582 · amount: 3582 · fees: quote: Fees | 65,061 · amount: 65061 · total: quote: Total | 71,957 · amount: 71957 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 3,314 · amount: 3314 · period: end: 2023-11-17 · kind: cumulative · quote: For the period of October 11, 2022, to November 17, 2023, a summary of the Receiver's fees and disbursements were: · start: 2022-10-11 · approval: quote: The Receiver requests that the Court approve the Receiver's fees incurred to date of $65,061 ánd additional fees, costs and taxes to a maximum of $10,000 to complete the administration of the Receivership. · state: sought · averages: · currency: · invoices: tax: 922.18 · fees: 18420.5 · quote: March 14, 2023 to Noyember 17, 2023 | CINV2485059 | $ 18,420.50 | 6A 23.02 | S 922.18 | $ 19,365.70 · total: 19365.7 · period end: 2023-11-17 · period start: 2023-03-14; tax: 3582 · fees: 65061 · quote: Total | | $ 65,061.00 | S | 3,314.08 $ 3,582.00 | $ 71,957.08 · total: 71957.08 · period end: 2023-11-17 · period start: 2022-10-11 · disbursements: 3314.08 · firm text: BDO Canada Limited · firm quote: SECOND REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS RECIEVER OF GEYSER BRANDS INC. · hours total: quote: 412 | 157.90 · value: 157.9 · context quote: SECOND REPORT OF BDO CANADA LIMITED, IN ITS CAPACITY AS RECIEVER OF GEYSER BRANDS INC. · comparability quote: Comparable to receivership assignments of similar scale and complexity; and,; form: invoice_listing · rows: · money: tax: label: GST · quote: $1,965.58 · amount: 1965.58 · fees: quote: $27,841.50 · amount: 27841.5 · total: quote: $ 31,537.85 · amount: 31537.85 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 326.70 · amount: 326.7 · period: end: 2023-05-31 · kind: cumulative · quote: For the Period November 18,2022 to May 31, 2023 · start: 2022-11-18 · approval: quote: The Receiver requests that the. Court summarily approve the legal fees of Farris incurred t date and appróve additional fees, disbursements, and taxes for Farris to a maximum of $11,200 to complete the administration of the receivership. · state: sought · averages: · currency: · invoices: tax: 145.27 · fees: 2900 · quote: November 18,,2022to December 3.1, 2022 | 1:020729 | $ 2,900.00 | $ 5.40 | $ 203:38 | $ 145.27 | $ 3,254.05 · total: 3254.05 · period end: 2022-12-31 · period start: 2022-11-18 · disbursements: 5.4; tax: 508.74 · fees: 10005 · quote: March-1, 2023. to.Märch 3.1, 2023 | 1026947 | $10,005.00 | 6 256.80 | 63 712.13 | 69 508.74 | $ 11,482.67 · total: 11482.67 · period end: 2023-03-31 · period start: 2023-03-01 · firm text: Farris LLP · firm quote: The Receiver engaged Farris LLP ("Farris") as its independent legal counseļ. · context quote: The Receiver engaged Farris LLP ("Farris") as its independent legal counseļ. The total fees of Farris.were $27,842 and disbursements, of $327 as summarized below.
- recovery outcomeentries: basis: estimated · quote: In the event that the Receiver is successful in obtaining thís credit from CRA, it will be remitted to 113 Royal as there is expected to be a-shortfall of approximately $451,000, excluding this refund as shown in-the table above: · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 113 Royal Investments (secured creditor) · creditor name: 113 Royal Investments Ltd. · interim final: unstated · conditional on: excluding GST refund of approximately $2,000 if recovered · claims qualifier: unstated · shortfall amount: 451000; basis: estimated · quote: The Company's. records indicäte there are unsecured creditors with total claims of $218,030. Às stated in the First Report of the Receiver, there is no recovery anticipated for any unsecured creditôrs. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · claims amount: 218030 · interim final: unstated · claims qualifier: listed · stated on: 2024-01-29 · table missing: