Alberta · Receivership (court-appointed)
Receiver's First Report to Court
Court officer report · 12 July 2024
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What we verified from this filing4 verified · 1 withheld
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2303-18478
- fee scheduleengagements: form: time_summary · rows: Eric Sirrs; Kristin Gray; Karen Aylward; Carolina Bautista; Steven Barlott; Dana Hankinson; hours: 80.9 · quote: Administration | Administrative | 80.90 | 110-245 · title: Administrative · rate max: 245 · rate min: 110 · row kind: bucket · rate kind: range · name as stated: Administration · money: tax: label: GST · quote: the fees, disbursements, and GST of $55,517.79 which have been rendered by MNP Ltd. as Receiver within this action · amount: 55517.79 · approximate: false · period: end: 2024-06-30 · kind: cumulative · quote: A summary and copies of the Receivers invoices rendered during the period of October 17, 2023, to June 30, 2024, are attached as Exhibit A to the Fee Affidavit · start: 2023-10-17 · approval: quote: I make this Affidavit in support of the application to approve the fees, disbursements, and GST of $55,517.79 which have been rendered by MNP Ltd. as Receiver within this action. · state: sought · averages: · currency: · invoices: tax: 433.35 · fees: 8667 · quote: 8,667.00; col10: 433.35; Total: 9,100.35 · total: 9100.35 · period end: 2023-10-31 · period start: 2023-10-17; tax: 439.93 · fees: 8062.9 · quote: TOTAL THIS INVOICE | | $9,238.50 · total: 9238.5 · period end: 2023-11-30 · period start: 2023-11-01 · disbursements: 735.67; tax: 293.45 · fees: 5869 · quote: TOTAL THIS INVOICE | | $6,162.45 · total: 6162.45 · period end: 2023-12-31 · period start: 2023-12-01; tax: 216.42 · fees: 4328.4 · quote: TOTAL THIS INVOICE | | $4,544.82 · total: 4544.82 · period end: 2024-01-31 · period start: 2024-01-01; tax: 118.45 · fees: 2368.9 · quote: TOTAL THIS INVOICE | | $2,487.35 · total: 2487.35 · period end: 2024-02-29 · period start: 2024-02-01; tax: 229.63 · fees: 4592.5 · quote: TOTAL THIS INVOICE | TOTAL THIS INVOICE | $4,822.13 · total: 4822.13 · period end: 2024-03-31 · period start: 2024-03-01; tax: 259.4 · fees: 5188 · quote: TOTAL THIS INVOICE | | $5,447.40 · total: 5447.4 · period end: 2024-05-31 · period start: 2024-05-01; tax: 395.39 · fees: 7907.8 · quote: TOTAL THIS INVOICE | | $8,303.19 · total: 8303.19 · period end: 2024-06-30 · period start: 2024-06-01 · firm text: MNP Ltd. · firm quote: FIRST REPORT TO THE COURT OF MNP LTD. IN ITS CAPACITY AS RECEIVER OF RENTS OF SORRENTO HOLDINGS INCORPORATED · hours total: quote: 164.30 · value: 164.3 · context quote: IN ITS CAPACITY AS RECEIVER OF RENTS OF SORRENTO HOLDINGS INCORPORATED · comparability quote: Receiver's opinion, the cost of this Receivership is comparable to receivership assignments of similar scale and complexity.; form: invoice · rows: Kristin Gray; Steven Barlott; fees: 808.5 · rate: 245 · hours: 3.3 · quote: Isobel Smith | Administration | 3.30 | 245.00 | 808.50 · title: Administration · row kind: bucket · rate kind: standard · name as stated: Isobel Smith; Megan Schafer; Rebecca Namirro; fees: 440 · rate: 110 · role: Propety Management · hours: 4 · quote: Various | Propety Management | 4.00 | 110.00 | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Taxable Disbursements | 36.78 · amount: 439.93 · fees: quote: Time Billed | | 23.60 | 341.65 * | 8,062.90 · amount: 8062.9 · total: quote: TOTAL THIS INVOICE | | $9,238.50 · amount: 9238.5 · includes tax: true · approximate: false · period: end: 2023-11-30 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period November 1, 2023, to November 30, 2023, was as follows: · start: 2023-11-01 · approval: state: unstated · averages: rate: 341.65 · quote: 341.65 * | 8,062.90 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 23.60 | 341.65 * | 8,062.90 · value: 23.6 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Kristin Gray; Karen Aylward; Carolina Bautista; Steven Bariott; Isobel Smith; Megan Schafer; Shannon M. Massa; Rebecca Namirro; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110.00 | | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 293.45 · amount: 293.45 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $5,869.00 · amount: 5869 · total: quote: TOTAL THIS INVOICE | | $6,162.45 · amount: 6162.45 · includes tax: true · approximate: false · period: end: 2023-12-31 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period December 1, 2023, to December 31, 2023, was as follows: · start: 2023-12-01 · approval: state: unstated · averages: rate: 307.28 · quote: 307.28 | * | 5,869.00 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 19.10 | 307.28 | * | 5,869.00 · value: 19.1 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Kristin Gray; Karen Aylward; Steven Barlott; Isobel Smith; Megan Schafer; Shannon M. Massa; Rebecca Namirro; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110.00 | | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 216.42 · amount: 216.42 · fees: quote: PROFESSIONAL FEES | | $4,328.40 · amount: 4328.4 · total: quote: TOTAL THIS INVOICE | | $4,544.82 · amount: 4544.82 · includes tax: true · approximate: false · period: end: 2024-01-31 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period January 1, 2024, to January 31, 2024, was as follows: · start: 2024-01-01 · approval: state: unstated · averages: rate: 290.5 · quote: 290.50 | * | 4,328.40 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 14.90 | 290.50 | * | 4,328.40 · value: 14.9 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Kristin Gray; Steven Barlott; Isobel Smith; Megan Schafer; Shannon M. Massa; Rebecca Namirro; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110.00 | | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 118.45 · amount: 118.45 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $2,368.90 · amount: 2368.9 · total: quote: TOTAL THIS INVOICE | | $2,487.35 · amount: 2487.35 · includes tax: true · approximate: false · period: end: 2024-02-29 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period February 1, 2024, to February 29, 2024, was as follows: · start: 2024-02-01 · approval: state: unstated · averages: rate: 223.48 · quote: 223.48 | * | 2,368.90 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 10.60 | 223.48 | * | 2,368.90 · value: 10.6 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Kristin Gray; Karen Aylward; Steven Barlott; Isobel Smith; Megan Schafer; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110.00 | | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 229.63 | 229.63 · amount: 229.63 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $4,592.50 · amount: 4592.5 · total: quote: TOTAL THIS INVOICE | TOTAL THIS INVOICE | $4,822.13 · amount: 4822.13 · includes tax: true · approximate: false · period: end: 2024-03-31 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period March 1, 2024, to March 31, 2024, was as follows: · start: 2024-03-01 · approval: state: unstated · averages: rate: 278.33 · quote: 278.33 | * | 4,592.50 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 16.50 | 278.33 | * | 4,592.50 · value: 16.5 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Kristin Gray; Karen Aylward; Steven Barlott; Dana Hankinson; Isobel Smith; Megan Schafer; Shannon M. Massa; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110.00 | | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 259.40 · amount: 259.4 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $5,188.00 · amount: 5188 · total: quote: TOTAL THIS INVOICE | | $5,447.40 · amount: 5447.4 · includes tax: true · approximate: false · period: end: 2024-05-31 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd, on this assignment regarding the Company for the period May 1, 2024, to May 31, 2024, was as follows: · start: 2024-05-01 · approval: state: unstated · averages: rate: 301.63 · quote: 301.63 | * | 5,188.00 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 17.20 | 301.63 | * | 5,188.00 · value: 17.2 · context quote: In its capacity as Receiver of Rents of Sorrento Holdings Incorporated; form: invoice · rows: Eric Slrrs; Kristin Gray; Steven Barlott; Comfort Uche; Isobel Smith; Megan Schafer; Shannon M. Massa; Rebecca Namirro; fees: 440 · rate: 110 · role: Property Management · hours: 4 · quote: Various | Property Management | 4.00 | 110,00 | 440.00 · row kind: bucket · rate kind: standard · name as stated: Various · money: tax: label: GST · quote: GST on Professional Fees | 395.39 · amount: 395.39 · fees: quote: PROFESSIONAL FEES | PROFESSIONAL FEES | $7,907.80 · amount: 7907.8 · total: quote: TOTAL THIS INVOICE | | $8,303.19 · amount: 8303.19 · includes tax: true · approximate: false · period: end: 2024-06-30 · kind: invoice · quote: The time incurred by members of the staff of MNP Ltd. on this assignment regarding the Company for the period June 1, 2024, to June 30, 2024, was as follows: · start: 2024-06-01 · approval: state: unstated · averages: rate: 362.74 · quote: 362.74 * | 7,907.80 · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. In Its capacity as Receiver of Rents of Sorrento Holdings Incorporated · hours total: quote: Time Billed | | 21.80 | 362.74 * | 7,907.80 · value: 21.8 · context quote: In Its capacity as Receiver of Rents of Sorrento Holdings Incorporated
- recovery outcomeentries: basis: actual · quote: The Receiver has been advised that all Mortgagees registered against title to the Property have been paid in full from proceeds of the Sale and title has been, or is in the process of being, conveyed to the purchaser. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Mortgagees registered against title to the Property · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver proposes to make a distribution to Sorrento in the amount of $48,000 taking into consideration the anticipated remaining costs of the administration of the Receivership. · pct of: unstated · outcome: distribution · class key: equity · stated by: receiver · amount low: 48000 · amount high: 48000 · class label: Sorrento · creditor name: Sorrento · interim final: unstated · conditional on: taking into consideration the anticipated remaining costs of the administration of the Receivership; remaining funds after payment of final utility invoices and professional fees will be distributed to Sorrento · claims qualifier: unstated · table missing:
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.