Ontario · Receivership (court-appointed)
First Report of the Court-Appointed Receiver dated March 20, 2025
Court officer report · 20 March 2025
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What we verified from this filing8 verified
- fee scheduleengagements: form: time_summary · rows: · money: approximate: false · period: end: 2025-02-27 · kind: invoice · label: Billing Period · quote: the ' Billing Period ' · start: 2024-06-10 · approval: state: unstated · averages: rate: 644.15 · quote: resulting in an average hourly rate of $644.15 (exclusive of applicable taxes) · currency: · invoices: · firm text: Loopstra Nixon · firm quote: Statement of Accounts issued by Loopstra Nixon · hours total: quote: 43.90 hours were billed by Loopstra Nixon during the Billing Period · value: 43.9 · context quote: we provided counsel to the Receiver and the original proposed receiver
- operational summaryThe Receiver took possession of PDHI's two real properties, terminated the sole employee, collected rent, addressed environmental/regulatory issues at the Farm Property, and ran a marketing and sale process for the Shop Property culminating in an agreement of purchase and sale now before the Court for approval.
- professional feesnote: Inclusive of HST; separately, Loopstra Nixon LLP (Receiver's counsel) incurred fees and disbursements totaling $32,864.14, inclusive of HST, for the period November 7, 2024 to February 27, 2025. · party: Fuller Landau (the Receiver) · amount: 36236.93 · period: November 7, 2024 to February 28, 2025 · currency: CAD
- purchaser1001162698 Ontario Inc.
- report date20 March 2025
- report noFirst Report
- sale advisorCBRE
- sale outcometext: Receiver seeking approval of the APS and Sale Transaction · scope: parcel · status: pending_approval