Ontario · Receivership (court-appointed)
Receiver Second Report with appendices
Court officer report · 9 February 2021
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: tax: label: HST · quote: plus HST of $41,132.29 · amount: 41132.29 · fees: quote: The Receiver's accounts total $312,525.25 in fees and disbursements · amount: 312525.25 · total: quote: for a total amount of $357,534.50 for the period of March 1, 2020 to August 31, 2020 · amount: 357534.5 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2020-08-31 · kind: invoice · quote: for the period of March 1, 2020 to August 31, 2020 · start: 2020-03-01 · approval: state: unstated · averages: rate: 350.82 · quote: The average hourly rates for the Receiver and Torkin Manes for the referenced billing periods were $ 350.82 and $415.50, respectively. · scope: Receiver · currency: · invoices: · firm text: MNP Ltd · firm quote: SECOND REPORT TO THE COURT OF MNP LTD IN ITS CAPACITY AS RECEIVER AND MANAGER OF THE ASSETS, UNDERTAKINGS, AND PROPERTIES OF OLD MILL MARINA (KAWAGAMA) LIMITED · context quote: IN ITS CAPACITY AS RECEIVER AND MANAGER OF THE ASSETS, UNDERTAKINGS, AND PROPERTIES OF OLD MILL MARINA (KAWAGAMA) LIMITED; form: report_table · rows: · money: tax: label: HST · quote: plus HST of $38,532.29 · amount: 38532.29 · fees: quote: ver's accounts total $292,525.25 for fees · amount: 292525.25 · total: quote: for a total of $335,934.50 for the period March 1, 2020 to August 31, 2020 · amount: 335934.5 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $3,876.96 for disbursements · amount: 3876.96 · period: end: 2020-08-31 · kind: invoice · quote: for the period March 1, 2020 to August 31, 2020 · start: 2020-03-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd · firm quote: SECOND REPORT TO THE COURT OF MNP LTD IN ITS CAPACITY AS RECEIVER AND MANAGER OF THE ASSETS, UNDERTAKINGS, AND PROPERTIES OF OLD MILL MARINA (KAWAGAMA) LIMITED · context quote: IN ITS CAPACITY AS RECEIVER AND MANAGER OF THE ASSETS, UNDERTAKINGS, AND PROPERTIES OF OLD MILL MARINA (KAWAGAMA) LIMITED; form: report_table · rows: · money: tax: label: HST · quote: $ 11,762.55 in HST · amount: 11762.55 · fees: quote: total $90,694 .56 in fees and disbursements · amount: 90694.56 · total: quote: for a total of $102,457.11 for the period of March 2, 2020 to September 22, 2020 · amount: 102457.11 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2020-09-22 · kind: invoice · quote: for the period of March 2, 2020 to September 22, 2020 · start: 2020-03-02 · approval: state: unstated · averages: rate: 415.5 · quote: The average hourly rates for the Receiver and Torkin Manes for the referenced billing periods were $ 350.82 and $415.50, respectively. · scope: Torkin Manes · currency: · invoices: · firm text: Torkin Manes · firm quote: The accounts of the Receiver's Counsel, Torkin Manes, total $90,694 .56 in fees and disbursements · context quote: The accounts of the Receiver's Counsel, Torkin Manes, total $90,694 .56 in fees and disbursements and $ 11,762.55 in HST for a total of $102,457.11 for the period of March 2, 2020 to September 22, 2020.; form: time_summary · rows: Abel Hazon; Angie Riches; Shalan Jankowski; Aaron English; Jeffrey Simpson; Fay Sulley; hours: 55.8 · quote: TOTAL HOURS | | 55.80 · row kind: subtotal · rate kind: standard · name as stated: TOTAL HOURS · money: total: quote: SUB -TOTAL: $27,256.17 · amount: 27256.17 · includes tax: true · includes disbursements: false · approximate: false · period: end: 2020-10-31 · kind: invoice · quote: October 31, 2020 Our File No.: 30790.0004 Invoice # 339576 · approval: state: unstated · averages: · currency: · invoices: · firm text: Torkin Manes LLP · firm quote: TORKIN MANES LLP · hours total: quote: Total Hours: | 55.80 · value: 55.8 · context quote: TORKIN MANES LLP
- recovery outcomeentries: basis: actual · quote: As authorized by the Ancillary Order, the Receiver has already made an interim distribution of $ $575,825.00 to 1711423 as a partial repayment of its 1 st Mortgage. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 575825 · cumulative: false · amount high: 575825 · class label: 1711423 (1st Mortgage) · creditor name: 1711423 Ontario Limited · interim final: interim · claims qualifier: unstated; basis: estimated · quote: $310,492.24 to 1711423 on account of the balance of its 1 st Mortgage plus any per diem interest to the date of payment; and · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 310492.24 · cumulative: false · amount high: 310492.24 · class label: 1711423 (1st Mortgage) · creditor name: 1711423 Ontario Limited · interim final: unstated · conditional on: subject to there being sufficient realizations and maintaining sufficient reserves for the potential CRA priority claim for unremitted source deductions and unpaid accounts of the Receiver and its counsel · claims qualifier: unstated; basis: estimated · quote: $82,576.80 to HCDC on account of its 2nd Mortgage. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 82576.8 · cumulative: false · amount high: 82576.8 · class label: HCDC (2nd Mortgage) · creditor name: HCDC · interim final: unstated · conditional on: subject to there being sufficient realizations and maintaining sufficient reserves for the potential CRA priority claim for unremitted source deductions and unpaid accounts of the Receiver and its counsel · claims qualifier: unstated · stated on: 2021-02-09 · table missing: vesting title in and to the Purchased Assets (as such term is later defined) in the Purchaser or as it may direct, free and clear of any encumbrances, save and except as otherwise contemplated by the Sale Agreement; and; approving the fees and disbursements of the Receiver and its counsel Torkin Manes LLP (' Torkin Manes '), including approval of the estimate of additional fees and disbursements required in connection with the receivership proceeding (collectively, the ' Professional Fees ');