Alberta · Receivership (court-appointed)
Receiver's Second Report
Court officer report · 6 January 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: Dan McCulloch; Evan MacKinnon; Mark Shtay; Matt McCulloch; Trina Sorbara; fees: 66591 · hours: 119.5 · quote: Total | 119.50 | | 66,591.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: GST · quote: GST of $3,369.63 · amount: 3369.63 · fees: quote: total invoiced fees of the Receiver are $66,591.00 (exclusive of GST) · amount: 66591 · total: quote: the Receiver has rendered two invoices to the estate for its fees and expenses totaling $70,762.13 (inclusive of GST) · amount: 70762.13 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Expenses in relation to postage, mail redirection and locksmiths total $801.50 (exclusive of GST) · amount: 801.5 · period: end: 2024-11-14 · kind: cumulative · quote: from June 2, 2023, up to and including November 14, 2024 · start: 2023-06-02 · approval: state: unstated · averages: · currency: · invoices: · firm text: Ernst & Young Inc., in its capacity as Receiver · firm quote: THE SECOND REPORT OF ERNST & YOUNG INC. IN ITS CAPACITY AS RECEIVER OF INFOCUS ENERGY SERVICES INC. · hours total: quote: Total | 119.50 · value: 119.5 · context quote: Set out in the chart below is a summary of the Receiver's time (and related charges) for each individual who has worked on this matter from June 2, 2023, up to and including November 14, 2024.; form: prose · rows: · money: total: quote: The total legal fees and expenses of Miller Thomson LLP from June 2, 2023, to May 10, 2024, are $28,904.68 (inclusive of GST). · amount: 28904.68 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2024-05-10 · kind: cumulative · quote: from June 2, 2023, to May 10, 2024 · start: 2023-06-02 · approval: state: unstated · averages: · currency: · invoices: · firm text: Miller Thomson LLP · firm quote: MILLER THOMSON LLP · context quote: The Receiver's legal counsel has issued two invoices since the onset of these receivership proceedings.
- recovery outcomeentries: basis: actual · quote: The Receiver has been advised that CWB has been paid in full by a third-party guarantor, and that there is no debt to CWB currently outstanding. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Canadian Western Bank · creditor name: Canadian Western Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the realization of the assets to date, and agreed upon disbursements under the administrative agreement, the Receiver believes that CRA will suffer a shortfall against its deemed trust claim. · pct of: unstated · outcome: shortfall · class key: deemed_trust · stated by: receiver · class label: Deemed Trust (CRA) · claims amount: 1282964.92 · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-06 · table missing: