Ontario · Receivership (court-appointed)
Second report to the Court dated
Court officer report · 2 October 2024
What we verified from this filing5 verified · 1 withheld
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 537.65 · quote: Reconstruct incurred a total of 105.80 hours at an average hourly rate of $537.65 (exclusive of applicable taxes). · currency: · invoices: · firm text: MNP Ltd. · firm quote: This Second Report dated October 2, 2024 (this 'Second Report') is filed by MNP Ltd. (the 'Receiver') · hours total: quote: Reconstruct incurred a total of 105.80 hours at an average hourly rate of $537.65 (exclusive of applicable taxes). · value: 105.8 · context quote: in its capacity as investigatory and non-possessory receiver of 2722959 Ontario Inc. · firm unverified: true
- operational summaryThe Debtors ceased all business operations around May 12, 2022; the receivership has been non-possessory and investigatory in nature, focused on investigating the Debtors' affairs, facilitating settlements over disputed water fee funds, and winding down remaining administrative matters (records disposal) before seeking discharge.
- recovery outcomeentries: basis: estimated · quote: the Receiver notes that the Asset Liquidation Amount combined with the Excess Funds fall short of satisfying the CRA's current deemed trust claim, which would result in zero recovery for Rovinelli, Eastgate or any other creditors; · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: Rovinelli, Eastgate or any other creditors · interim final: unstated · conditional on: the Asset Liquidation Amount combined with the Excess Funds falling short of satisfying the CRA's current deemed trust claim · claims qualifier: unstated · stated on: 2024-10-02 · table missing:
- report date2 October 2024
- report noSecond Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.