Ontario · Receivership (court-appointed)
Fourteenth Report of the Receiver dated March 12, 2025
Court officer report · 12 March 2025
What we verified from this filing4 verified · 2 withheld
- closing confirmedscope: the Transaction ... which primarily included the NAO2 Real Property · outcome: completed · effective: 2024-02-28 · purchaser: 1000707996 Ontario Inc. · date basis: stated · approval order date: 2024-02-15
- fee scheduleengagements: form: time_summary · rows: Robert Kofman; Jordan Wong; fees: 7042.25 · hours: 29.18 · quote: Other Staff and Administration | | 29.18 | 7,042.25 · row kind: bucket · rate kind: standard · name as stated: Other Staff and Administration · money: tax: label: HST · quote: HST | 7,983.74 · amount: 7983.74 · fees: quote: Total Fees | | 107.93 | 60,404.75 · amount: 60404.75 · total: quote: Total due | $ 69,397.11 · amount: 69397.11 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: Out of Pocket Disbursements (courier, virtual data room) | | | 1,008.62 · amount: 1008.62 · period: end: 2024-10-31 · kind: invoice · quote: For the Period February 1 to October 31, 2024 · start: 2024-02-01 · approval: state: unstated · averages: rate: 549.51 · quote: The average hourly rate for the Receiver for the referenced billing period was $549.51. · scope: Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. · hours total: quote: Total Fees | | 107.93 | 60,404.75 · value: 107.93 · context quote: Fourteenth Report to Court of KSV Restructuring Inc. as Receiver and Manager of Stateview Homes (NAO Towns II) Inc.; form: rate_chart · rows: Jeffrey Larry; Daniel Rosenbluth; Paul Davis; Max Stamina; Sonia Patel; Adam Iggers; Afsheen Chowdhury; Deanna Watters; fees: 92510 · quote: Subtotal | | | $92,510.00 · row kind: subtotal · rate kind: standard · name as stated: Subtotal · money: total: quote: Inclusive of HST and disbursements, the total amount of the Dockets are $105,487.12. · amount: 105487.12 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2024-10-23 · kind: cumulative · quote: Paliare Roland's fees and disbursements from February 1, 2024, to October 23, 2024 · start: 2024-02-01 · approval: state: unstated · averages: rate: 682.73 · quote: The average hourly rate for Paliare was $682.73. · scope: Paliare · currency: · invoices: · firm text: Paliare Roland Rosenberg Rothstein LLP · firm quote: Paliare Roland has provided legal services to and incurred disbursements on behalf of the Receiver. · context quote: I am an assistant at the law firm of Paliare Roland Rosenberg Rothstein LLP ("Paliare Roland"). · comparability quote: The usual hourly rates for the listed professionals for this type of matter.; form: invoice_listing · rows: Adam Iggers; Deanna Watters; Jeffrey Larry; Max Stamina; Daniel Rosenbluth; Paul Davis · money: tax: label: Total HST · quote: Total HST | 2,370.43 · amount: 2370.43 · fees: quote: OUR FEES | | | $ 18,037.50 · amount: 18037.5 · total: quote: INVOICE TOTAL | | | $ 20,604.43 · amount: 20604.43 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total Disbursements | | | 196.50 · amount: 196.5 · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: · firm text: Paliare Roland Rosenberg Rothstein LLP · firm quote: PALIARE ROLAND BARRISTERS · hours total: quote: | 26.90 | | · value: 26.9 · context quote: Paliare Roland Rosenberg Rothstein LLP 155 Wellington St. West, 35th Floor Toronto, ON M5V 3H1; form: invoice_listing · rows: Afsheen Chowdhury; Sonia Patel; Deanna Watters; Jeffrey Larry; Daniel Rosenbluth; Paul Davis · money: tax: label: Total HST · quote: Total HST | 2,030.93) · amount: 2030.93 · fees: quote: OUR FEES | | | $ 15,622.50) · amount: 15622.5 · total: quote: INVOICE TOTAL | | | $ 17,653.43) · amount: 17653.43 · includes tax: true · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: · invoices: · firm text: Paliare Roland Rosenberg Rothstein LLP · firm quote: PALIARE ROLAND BARRISTERS · hours total: quote: | 22.80 | | · value: 22.8 · context quote: Paliare Roland Rosenberg Rothstein LLP 155 Wellington St. West, 35th Floor Toronto, ON M5V 3H1
- recovery outcomeentries: basis: unstated · quote: The purchase price under the Transaction was $19.1 million and accordingly, no monies are available for distribution to creditors with a claim subordinate to the NAO2 Lenders. · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: creditors with a claim subordinate to the NAO2 Lenders · interim final: unstated · claims qualifier: unstated; basis: actual · quote: To date, the Receiver has made distributions to the NAO2 Lenders of approximately $5.08 million, representing the majority of the cash proceeds from the Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 5080000 · cumulative: true · amount high: 5080000 · class label: NAO2 Lenders · creditor name: Atrium Mortgage Investment Corporation and Dorr Capital Corporation · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Receiver has also reached an agreement with GEI to settle the Lien Claim for $3,418.42. · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 3418.42 · amount high: 3418.42 · class label: GEI · creditor name: GEI · interim final: unstated · claims qualifier: unstated · table missing:
- sale outcometext: The Transaction closed on February 28, 2024, with the Receiver having made distributions to the NAO2 Lenders since closing. · scope: parcel · status: closed
2 extracted values are 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.