Ontario · CCAA
Eighth Report of the Monitor, dated January 28, 2022.PDF
Court officer report · 28 January 2022
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 filing8 verified
- cash on handnote: Closing Bank Cash Balance at end of Reporting Period (September 18, 2021 to January 7, 2022) · as at: 2022-01-07 · amount: 630400 · currency: USD
- disbursementsnote: Total Disbursements for the Reporting Period from September 18, 2021 to January 7, 2022 · since: September 18, 2021 · amount: 1163559 · currency: USD
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: HST · quote: $38,819.65 · amount: 38819.65 · fees: quote: $298,612.50 · amount: 298612.5 · total: quote: $337,432.15 · amount: 337432.15 · includes tax: true · approximate: false · period: end: 2021-12-30 · kind: cumulative · quote: FOR THE PERIOD MARCH 1, 2021 TO DECEMBER 30, 2021 · start: 2021-03-01 · approval: state: unstated · averages: · currency: · invoices: tax: 6925.1 · fees: 53270 · quote: March 2021 | 3635029 | 53,270.00 | - | $6,925.10 | 71.80 | 743.99 | 60,195.10 · total: 60195.1 · period end: 2021-03-31 · average rate: 743.99 · period start: 2021-03-01; tax: 5461.24 · fees: 42009.5 · quote: April 2021 | 3635339 | 42,009.50 | - | $5,461.24 | 57.80 | 730.75 | 47,470.74 · total: 47470.74 · period end: 2021-04-30 · average rate: 730.75 · period start: 2021-04-01; tax: 1499.68 · fees: 11536 · quote: May 2021 | 3635755 | 11,536.00 | - | 1,499.68 | 15.10 | 763.97 | 13,035.68 · total: 13035.68 · period end: 2021-05-31 · average rate: 763.97 · period start: 2021-05-01; tax: 2148.84 · fees: 16529.5 · quote: June 2021 | 3635756 | 16,529.50 | - | 2,148.84 | 21.40 | 772.41 | 18,678.34 · total: 18678.34 · period end: 2021-06-30 · average rate: 772.41 · period start: 2021-06-01; tax: 4106.25 · fees: 31586.5 · quote: July 2021 | 3684836 | 31,586.50 | - | 4,106.25 | 40.90 | 772.29 | 35,692.75 · total: 35692.75 · period end: 2021-07-31 · average rate: 772.29 · period start: 2021-07-01; tax: 2075.45 · fees: 15965 · quote: August 2021 | 3685456 | 15,965.00 | - | 2,075.45 | 20.80 | 775.00 | 18,040.45 · total: 18040.45 · period end: 2021-08-31 · average rate: 775 · period start: 2021-08-01; tax: 5281.9 · fees: 40630 · quote: September 2021 | 3687535 | 40,630.00 | - | 5,281.90 | 53.50 | 759.44 | 45,911.90 · total: 45911.9 · period end: 2021-09-30 · average rate: 759.44 · period start: 2021-09-01; tax: 2235.16 · fees: 17193.5 · quote: October 2021 | 3698832 | 17,193.50 | - | 2,235.16 | 22.40 | 767.57 | 19,428.66 · total: 19428.66 · period end: 2021-10-31 · average rate: 767.57 · period start: 2021-10-01; tax: 2504.32 · fees: 19264 · quote: November 2021 | 3696294 | 19,264.00 | - | 2,504.32 | 25.00 | 770.56 | 21,768.32 · total: 21768.32 · period end: 2021-11-30 · average rate: 770.56 · period start: 2021-11-01; tax: 1856.53 · fees: 14281 · quote: December 2021 | 3699419 | 14,281.00 | - | 1,856.53 | 19.00 | 751.63 | 16,137.53 · total: 16137.53 · period end: 2021-12-30 · average rate: 751.63 · period start: 2021-12-01; tax: 4362.48 · fees: 33557.5 · quote: March/April 2021 | 3621412 | 33,557.50 | - | 4,362.48 | 43.30 | 775.00 | 37,919.98 · total: 37919.98 · period end: 2021-04-30 · average rate: 775 · period start: 2021-03-01; tax: 362.7 · fees: 2790 · quote: May 2021 | 3622353 | 2,790.00 | - | 362.70 | 3.50 | 775.00 | 3,152.70 · total: 3152.7 · period end: 2021-05-31 · average rate: 775 · period start: 2021-05-01 · firm text: Miller Thomson LLP · firm quote: Approving the fees and disbursements of the Monitor and its counsel, Miller Thomson LLP · capacity text: its counsel · context quote: FOR THE PERIOD MARCH 1, 2021 TO DECEMBER 30, 2021; form: rate_chart · rows: Kyla Mahar; Gregory Azeff; Sam Massie; Alina Stoica · money: approximate: false · period: end: 2021-12-30 · kind: cumulative · quote: FOR THE PERIOD MARCH 1, 2021 TO DECEMBER 30, 2021 · start: 2021-03-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: BILLING RATES OF DELOITTE RESTRUCTURING INC. · context quote: Deloitte Restructuring Inc. Solely in its capacity as Court-appointed Monitor of North American Fur Auctions Inc. et al
- operational summaryNAFA continues to wind down and monetize its remaining assets (real property in Poland and Wisconsin, intellectual property, rollover loans, insurance claims) while collecting auction proceeds from mink pelts financed in prior years, and has entered into an APA to sell certain remaining assets to a purchaser.
- professional feesnote: Plus $561 in disbursements and $74,251 HST, for a total of $645,414; Miller Thomson (Monitor's counsel) fees for same period were $298,612.50 plus HST of $38,819.65 for a total of $337,432.15 · party: Monitor (Deloitte Restructuring Inc.) · amount: 570603 · period: March 1, 2021 to December 31, 2021 · currency: CAD
- receipts cumulativenote: Total Receipts for the Reporting Period from September 18, 2021 to January 7, 2022, in USD '000s table (figures shown appear to be actual dollars, not thousands, per line-item breakdown) · since: September 18, 2021 · amount: 1982426 · currency: USD
- report date27 January 2022
- report noEighth Report