Ontario · CCAA
Second Report of the Monitor dated September 29, 2025
Court officer report · 29 September 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing6 verified
- report date29 September 2025
- report noSecond Report
- operational summarySince the Comeback Hearing, the Monitor corresponded with the Company's counsel and advisors, responded to supplier/vendor enquiries, maintained the case website, reviewed receipts and disbursements, and reviewed motion materials.
- professional feesamount: 109798 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: total: quote: The Monitor's fees and expenses for the period ending September 21, 2025 total $109,798, including HST and its pre-filing fees and expenses. · amount: 109798 · includes tax: true · approximate: false · period: end: 2025-09-21 · kind: cumulative · label: the Period · quote: The Monitor's fees and expenses for the period ending September 21, 2025 total $109,798, including HST and its pre-filing fees and expenses. · approval: state: unstated · averages: rate: 678.53 · quote: The average hourly rate for the Monitor was $678.53. · scope: the Monitor · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Second Report of KSV Restructuring Inc. as CCAA Monitor of Norwood Industries Inc. · context quote: The Monitor's fees and expenses for the period ending September 21, 2025 total $109,798, including HST and its pre-filing fees and expenses.; form: time_summary · rows: Bobby Kofman; Dean Perlman; fees: 347 · hours: 1.5 · quote: Other staff and administration | | 1.50 | 347.00 · row kind: bucket · rate kind: standard · name as stated: Other staff and administration; fees: 57177 · quote: Total fees | | | 57,177.00 · row kind: subtotal · rate kind: standard · name as stated: Total fees · money: tax: label: HST · quote: HST 7,433.01 · amount: 7433.01 · fees: quote: Total fees per attached summary $ 57,177.00 · amount: 57177 · total: quote: Total due $ 64,610.01 · amount: 64610.01 · includes tax: true · approximate: false · period: end: 2025-09-14 · kind: invoice · quote: For the period July 2, 2025 to September 14, 2025 · start: 2025-07-02 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Advisory Inc. Norwood Industries Inc. · context quote: For the period July 2, 2025 to September 14, 2025; form: time_summary · rows: Bobby Kofman; Dean Perlman; fees: 1740 · hours: 7.9 · quote: Other staff and administration | | 7.90 | 1,740.00 · row kind: bucket · rate kind: standard · name as stated: Other staff and administration; fees: 32710 · quote: Total fees | | | 32,710.00 · row kind: subtotal · rate kind: standard · name as stated: Total fees · money: tax: label: HST · quote: HST 4,252.30 · amount: 4252.3 · fees: quote: Total fees per attached summary $ 32,710.00 · amount: 32710 · total: quote: Total due $ 36,962.30 · amount: 36962.3 · includes tax: true · approximate: false · period: end: 2025-09-21 · kind: invoice · quote: For the period September 15, 2025 to September 21, 2025 · start: 2025-09-15 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Advisory Inc. Norwood Industries Inc. · context quote: For the period September 15, 2025 to September 21, 2025; form: rate_chart · rows: Bobby Kofman; Dean Perlman · money: approximate: false · period: end: 2025-09-21 · kind: cumulative · label: the Period · quote: For the Period from May 21, 2025 to September 21, 2025 · start: 2025-05-21 · approval: state: unstated · averages: rate: 678.53 · quote: the Monitor's average hourly rate for the Period was $678.53 · scope: the Monitor's average hourly rate for the Period · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. · context quote: This is Exhibit 'B' referred to in the Affidavit of Robert Kofman sworn before me, this 29 th day of September, 2025; form: invoice_listing · rows: · money: tax: label: Tax · quote: $4,992.08 · amount: 4992.08 · fees: quote: September 25, 2025 | September 23, 2025 | $54,086.24 · amount: 54086.24 · total: quote: $60,635.52 · amount: 60635.52 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $1,557.20 · amount: 1557.2 · period: kind: invoice · quote: For Billing Period Ending | September 23, 2025 · approval: state: unstated · averages: · currency: code: CAD · quote: Charges CAD · invoices: tax: 4992.08 · date: 2025-09-25 · fees: 54086.24 · quote: September 25, 2025 | September 23, 2025 | $54,086.24 | $1,557.20 | $4,992.08 | $60,635.52 · total: 60635.52 · period end: 2025-09-23 · disbursements: 1557.2 · firm text: Norton Rose Fulbright Canada LLP · firm quote: Advising KSV as Court Appointed Monitor in the CCAA Proceedings of Norwood Sawmills · context quote: The fees and expenses of Norton Rose for the period ending September 23, 2025 total $60,636, including HST and its pre-filing fees and expenses.; form: time_summary · rows: Mary Kelly; Jennifer Stam; Michael Cockburn; Lauren Archibald; Tom Sutherland; Sulayman Syed; Holly Clements; Deborah Doucet; Eichan Hu; Scott Huntley · money: approximate: false · period: end: 2025-09-23 · kind: invoice · quote: Professional Services Rendered to September 23, 2025 · approval: state: unstated · averages: rate: 719.3 · quote: $37,152.00 ÷ 51.65 hours = $ 719.30 · scope: NRF Canada, excl. Disbursements and HST · currency: · invoices: · firm text: Norton Rose Fulbright Canada LLP · firm quote: Advising KSV as Court Appointed Monitor in the CCAA Proceedings of Norwood Sawmills · hours total: quote: TOTAL HOURS: 51.65 · value: 51.65 · context quote: The average hourly rate for Norton Rose (Canada) was $719.30.; form: time_summary · rows: Patrick Dolan; Jay Olmstead; Paulette Gerhart · money: approximate: false · period: end: 2025-09-23 · kind: invoice · quote: Professional Services Rendered to September 23, 2025 · approval: state: unstated · averages: rate: 1969.09 · quote: $16,934.24 ÷ 8.60 hours = $ 1,969.09 · scope: NRF US, excl. Disbursements and HST · currency: code: CAD · quote: The average hourly rate (in CAD) for NRF US was $1,969.24. · invoices: · firm text: Norton Rose Fulbright US LLP · firm quote: Advising KSV as Court Appointed Monitor in the CCAA Proceedings of Norwood Sawmills · context quote: The average hourly rate (in CAD) for NRF US was $1,969.24.
- recovery outcomeentries: basis: estimated · quote: Monroe, which is expected to incur a significant shortfall on its advances to the Company, supports the Transaction; · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Monroe · creditor name: Monroe · interim final: unstated · claims qualifier: unstated · stated on: 2025-09-29 · table missing: