New Brunswick · Receivership (court-appointed)
Second Report of the Court Appointed Receiver and Manager
Court officer report · 11 March 2025
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 filing5 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: Deloitte's invoiced fees inclusive of administrative expenses amount to $236,302.63 · amount: 236302.63 · approximate: false · disbursements: quote: Deloitte incurred and invoiced disbursements in the amount of $12,902.58 · amount: 12902.58 · period: end: 2024-12-31 · kind: invoice · quote: from the period of September 26 to December 31, 2024, Deloitte's invoiced fees inclusive of administrative expenses amount to $236,302.63 · start: 2024-09-26 · approval: state: unstated · averages: rate: 428.74 · quote: at an average hourly rate of approximately $428.74 · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: SECOND REPORT OF THE COURT APPOINTED RECEIVER AND MANAGER DELOITTE RESTRUCTURING INC. · hours total: quote: The total time comprised in the Invoices is 535.1 hours at an average hourly rate of approximately $428.74. · value: 535.1 · context quote: appointing Deloitte Restructuring Inc. (' Deloitte ") as the receiver and manager (the ' Receiver ") without security; form: prose · rows: · money: fees: quote: Cox & Palmer's invoiced fees amount to $6,162.50 · amount: 6162.5 · approximate: false · disbursements: quote: Cox & Palmer incurred and invoiced disbursements in the amount of $346.78 · amount: 346.78 · period: end: 2025-01-31 · kind: invoice · label: the Period · quote: covering the period of September 26, 2024 to January 31, 2025 (the 'Period') · start: 2024-09-26 · approval: state: unstated · averages: rate: 477.71 · quote: at an average hourly rate of approximately $477.71 · currency: · invoices: · firm text: Cox & Palmer · firm quote: issued by Cox & Palmer for fees and disbursements (collectively, the 'Invoices') · hours total: quote: The total time comprised in the Invoices is 12.9 hours at an average hourly rate of approximately $477.71. · value: 12.9 · context quote: e copies of the detailed invoices issued by Cox & Palmer for fees and disbursements (collectively, the 'Invoices') in this matter covering the period of September 26, 2024 to January 31, 2025 (the 'Period')
- process resultsndas: 35 · note: 56 interested parties received the Teaser; 35 NDAs executed; 7 site visits; several offers received by the Bid Deadline (exact bid count not stated numerically). · as of: 2025-01-13 · solicited: 56
- purchaserprice: note: Non-commercially sensitive terms summarized in a table not reproduced in the available text; commercially sensitive details are in the sealed Confidential Supplement. · sealed: true · scope: the Property · status: proposed · name note: Proposed Transactions with named counterparties referenced but property/scope not individually attributed in unredacted text · structure: assets · name source: recital · relationship: unstated
- sale advisorDeloitte Restructuring Inc.
- sale outcometext: The Receiver received bids, negotiated Proposed Transactions with RBC's support, and is seeking Court approval of the Sale Approval and Vesting Order. · scope: whole_business · status: pending_approval