Ontario · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 23 November 2020
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 · approval: state: unstated · averages: rate: 741.47 · quote: The average hourly rate billed by the Receiver is $741.47. · currency: · invoices: · firm text: FTI Consulting Canada Inc. · firm quote: THIRD REPORT TO THE COURT SUBMITTED BY FTI CONSULTING CANADA INC., IN ITS CAPACITY AS RECEIVER · context quote: FTI Consulting Canada Inc., in its capacity as Receiver
- recovery outcomeentries: basis: estimated · quote: Based on estimates of potential distributions by the Receiver and the Administrator, it is currently anticipated that the shortfall on the Syndicate Indebtedness notwithstanding recoveries in both the Receivership and the Administration will be in excess of US$108 million, excluding any recoveries from potential litigation claims. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Syndicate Indebtedness · creditor name: Truist Bank, as Agent for the Syndicate · interim final: unstated · currency quote: US$108 million · claims qualifier: unstated · shortfall amount: 108000000 · stated on: 2020-11-23 · table missing: