Ontario · CCAA
Sixth Report of the CCAA Monitor dated September 11, 2024
Court officer report · 11 September 2024
Also filed as: Second Report of the Receiver dated September 11, 2024
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 569.53 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $569.53 and $675.80, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. as Monitor · context quote: As reflected on Exhibit 'B', the Receiver's and Monitor's average hourly rate for the Period was $569.53.; form: report_table · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 675.8 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $569.53 and $675.80, respectively. · scope: NRF · currency: · invoices: · firm text: NRF · firm quote: NRF · context unverified: true; form: report_table · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 524.68 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $524.68 and $737.61, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. as Monitor · context unverified: true; form: report_table · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 737.61 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $524.68 and $737.61, respectively. · scope: NRF · currency: · invoices: · firm text: NRF · firm quote: NRF · context unverified: true
- recovery outcomeentries: basis: actual · quote: On May 8, 2024, the Receiver made an interim distribution of $1 million to Far North. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 1000000 · cumulative: false · amount high: 1000000 · class label: Far North (assignee of Macquarie's Receiver's Certificate) · creditor name: Far North · interim final: interim · related party: false · claims qualifier: unstated; basis: unstated · quote: In other words, there would be no funds available for distribution to these creditors under any circumstance based on the economics of the Transaction and lack of viable alternatives, as outlined above. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: creditors of ResidualCo (unsecured liabilities transferred to ResidualCo) · interim final: unstated · claims qualifier: unstated · stated on: 2024-09-11 · table missing: