Alberta · Receivership (court-appointed)
Receiver's Fourth Report
Court officer report · 14 February 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 77,656 · amount: 77656 · fees: quote: PricewaterhouseCoopers Inc. LIT | 1,729,190 | 136,157 | 1,865,346 | 77,656 | 1,943,003 · amount: 1729190 · total: quote: 1,943,003 · amount: 1943003 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: PricewaterhouseCoopers Inc. LIT | 1,729,190 | 136,157 | 1,865,346 | 77,656 | 1,943,003 · amount: 136157 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: Total CAD · invoices: date: 2019-05-29 · fees: 146075.25 · quote: CL139700622 | 29-May-2019 | 1-Mar-2019 | 1-Apr-2019 | 146,075.25 | 7,303.76 | - | 153,379.01 · total: 153379.01 · period end: 2019-04-01 · period start: 2019-03-01 · disbursements: 7303.76; tax: 17905.9 · date: 2019-05-29 · fees: 332222.5 · quote: CL139700625 | 29-May-2019 | 1-Apr-2019 | 15-Apr-2019 | 332,222.50 | 25,895.46 | 17,905.90 | 376,023.86 · total: 376023.86 · period end: 2019-04-15 · period start: 2019-04-01 · disbursements: 25895.46; tax: 9591.37 · date: 2019-05-29 · fees: 182377.5 · quote: CL139700626 | 29-May-2019 | 16-Apr-2019 | 30-Apr-2019 | 182,377.50 | 9,449.88 | 9,591.37 | 201,418.75 · total: 201418.75 · period end: 2019-04-30 · period start: 2019-04-16 · disbursements: 9449.88; tax: 77656.17 · fees: 1729189.73 · quote: Total | | | | 1,729,189.73 | 136,156.61 | 77,656.17 | 1,943,002.51 · total: 1943002.51 · disbursements: 136156.61 · firm text: PricewaterhouseCoopers Inc. LIT · firm quote: PricewaterhouseCoopers Inc. LIT · context quote: DOCUMENT FOURTH REPORT TO THE COURT SUBMITTED BY PRICEWATERHOUSECOOPERS INC. LIT IN ITS CAPACITY AS RECEIVER; form: invoice_listing · rows: · money: tax: label: GST · quote: 21,714 · amount: 21714 · fees: quote: Norton Rose Fullbright Canada LLP | 431,373 | 3,900 | 435,273 | 21,714 | 456,987 · amount: 431373 · total: quote: 456,987 · amount: 456987 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Norton Rose Fullbright Canada LLP | 431,373 | 3,900 | 435,273 | 21,714 | 456,987 · amount: 3900 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: Total CAD · invoices: tax: 4938.93 · date: 2019-05-14 · fees: 98778.5 · quote: 9090124392 | 14-May-2019 | 1-Apr-2019 | 30-Apr-2019 | 98,778.50 | - | 4,938.93 | 103,717.43 · total: 103717.43 · period end: 2019-04-30 · period start: 2019-04-01; tax: 21713.9 · fees: 431373 · quote: Total | | | | 431,373.00 | 3,899.63 | 21,713.90 | 456,986.53 · total: 456986.53 · disbursements: 3899.63 · firm text: Norton Rose Fulbright Canada LLP · firm quote: Norton Rose Fulbright Canada LLP · context quote: Canadian Counsel; form: invoice_listing · rows: · money: fees: quote: US Bankruptcy Counsel | 950,828 | 25,994 | 976,822 · amount: 950828 · total: quote: 976,822 · amount: 976822 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: US Bankruptcy Counsel | 950,828 | 25,994 | 976,822 · amount: 25994 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: CAD @ $1.25 · invoices: date: 2019-05-20 · fees: 245221 · quote: 9495119601 | 20-May-2019 | 1-Apr-2019 | 30-Apr-2019 | 245,221.00 | 51.60 | 245,272.60 | 306,590.75 · total: 306590.75 · period end: 2019-04-30 · period start: 2019-04-01 · disbursements: 51.6; fees: 760662 · quote: Total | | | | 760,662.00 | 20,795.38 | 781,457.38 | 976,821.73 · total: 976821.73 · disbursements: 20795.38 · firm text: Norton Rose Fulbright US LLP · firm quote: Norton Rose Fulbright US LLP · context quote: Professional Fees: Receiver's US Bankruptcy Counsel; form: invoice_listing · rows: · money: fees: quote: Local US Counsel (Tulsa OK) | 302,063 | 6,455 | 308,518 · amount: 302063 · total: quote: 308,518 · amount: 308518 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Local US Counsel (Tulsa OK) | 302,063 | 6,455 | 308,518 · amount: 6455 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: CAD @ $1.25 · invoices: date: 2019-05-09 · fees: 53892 · quote: 140981 | 9-May-2019 | 1-Apr-2019 | 30-Apr-2019 | 53,892.00 | 1,309.26 | 55,201.26 | 69,001.58 · total: 69001.58 · period end: 2019-04-30 · period start: 2019-04-01 · disbursements: 1309.26; fees: 241650.5 · quote: Total | | | | 241,650.50 | 5,164.06 | 246,814.56 | 308,518.20 · total: 308518.2 · disbursements: 5164.06 · firm text: Rosenstein Fist & Ringold LLP · firm quote: Rosenstein Fist & Ringold LLP · context quote: Professional Fees: Receiver's Local US Bankruptcy Counsel (Tulsa, Oklahoma); form: invoice_listing · rows: · money: fees: quote: Construction and Litigation Counsel | 226,288 | 19,815 | 246,103 · amount: 226288 · total: quote: 246,103 · amount: 246103 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Construction and Litigation Counsel | 226,288 | 19,815 | 246,103 · amount: 19815 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: CAD @ $1.25 · invoices: date: 2021-12-10 · fees: 1602.5 · quote: SC16350 | 10-Dec-2021 | 1-Nov-2021 | 30-Nov-2021 | 1,602.50 | 200.00 | 1,802.50 | 2,253.13 · total: 2253.13 · period end: 2021-11-30 · period start: 2021-11-01 · disbursements: 200; fees: 181030.5 · quote: Total | | | | 181,030.50 | 15,851.60 | 196,882.10 | 246,102.63 · total: 246102.63 · disbursements: 15851.6 · firm text: Sanderford & Carroll, P.C · firm quote: Sanderford & Carroll, P.C · context quote: Professional Fees: Receiver's US Construction and Litigation Counsel; form: invoice_listing · rows: · money: fees: quote: US Document Service Agent | 44,974 | 61,360 | 106,334 · amount: 44974 · total: quote: 106,334 · amount: 106334 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: US Document Service Agent | 44,974 | 61,360 | 106,334 · amount: 61360 · period: kind: cumulative · quote: Time period covered · approval: state: unstated · averages: · currency: code: CAD · quote: CAD @ $1.25 · invoices: date: 2019-04-30 · fees: 6988 · quote: 2835 | 30-Apr-2019 | 1-Apr-2019 | 30-Apr-2019 | 6,988.00 | 10,464.25 | 17,452.25 | 21,815.31 · total: 21815.31 · period end: 2019-04-30 · period start: 2019-04-01 · disbursements: 10464.25 · firm text: Bankruptcy Management Solutions, Inc · firm quote: Bankruptcy Management Solutions, Inc, ("Stretto") · context quote: Professional Fees: Receiver's US Service Agent
- recovery outcomeentries: basis: estimated · quote: The Lenders are expected to face a substantial shortfall on their security in excess of $50 million, and therefore no distributions to unsecured creditors are expected in these Receivership Proceedings. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lenders · creditor name: Lenders (ATB, EDC, CIBC syndicate) · interim final: unstated · claims qualifier: unstated · shortfall amount: 50000000; basis: estimated · quote: The Lenders are expected to face a substantial shortfall on their security in excess of $50 million, and therefore no distributions to unsecured creditors are expected in these Receivership Proceedings. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Issued the Interim Distribution to the Lenders of approximately $8 million in accordance with the Distribution Order filed April 14, 2021, and obtained a recognition Order from the US Court for same; · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 8000000 · cumulative: false · amount high: 8000000 · class label: Lenders · creditor name: Lenders (ATB, EDC, CIBC syndicate) · interim final: interim · claims qualifier: unstated · stated on: 2022-02-14 · table missing: