British Columbia · Receivership (court-appointed)
Receiver’s Fourth and Final Report (entered)
Court officer report · 4 October 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: Taxes · quote: 1,454.14 · amount: 1454.14 · fees: quote: 26,160.00 · amount: 26160 · total: quote: $31,037.03 ('D&C's Fees') · amount: 31037.03 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 3,422.89 · amount: 3422.89 · period: end: 2011-05-20 · kind: invoice · quote: professional services rendered between February 16 and May 20, 2011 · start: 2011-02-16 · approval: state: unstated · averages: · currency: · invoices: tax: 273.56 · fees: 4950 · quote: February 16 to March 31, 2011 | 4,950.00 | 721.25 | 273.56 | 5,944.81 · total: 5944.81 · period end: 2011-03-31 · period start: 2011-02-16 · disbursements: 721.25; tax: 1180.58 · fees: 21210 · quote: March 31 to May 20, 2011 | 21,210.00 | 2,701.64 | 1,180.58 | 25,092.22 · total: 25092.22 · period end: 2011-05-20 · period start: 2011-03-31 · disbursements: 2701.64 · firm text: Duncan & Craig LLP · firm quote: Duncan & Craig LLP · context quote: D&C was counsel to the Receiver in respect of the matters leading up to and including the 113 AB Ltd. Bankruptcy.; form: time_summary · rows: Verne Wood; Craig Donnelly; Ian Mackin; Patty Wood; Katherine Bujold; Eric Sirrs; Kathy Daniels; Cheryl Carson; Li Jiang; Michael Wong; Elizabeth Chen; Florence Lau; Sabrina Rivera; Sheila Russell · money: total: quote: Total | | | 285.70 | 113,597.20 · amount: 113597.2 · approximate: false · period: kind: unstated · quote: in relation to Interim Receiver's accounts referenced in Appendix X · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. (formerly Meyers Norris Penny Limited) as Interim Receiver · hours total: quote: Total | | | 285.70 | 113,597.20 · value: 285.7 · context quote: the Court made an Order (the 'Interim Receivership Order') appointing MNP Ltd. (formerly Meyers Norris Penny Limited) as Interim Receiver (in such capacity, the 'Interim Receiver') of the assets and undertakings of the Company.; form: time_summary · rows: Grant Bazian; Ian Mackin; Patty Wood; Craig Donnelly; Donna Carson; Lana Gilbertson; Heather Weber; Eric Sirrs; Katherine Bujold; Chelsea Shapcotte; Seamus Boyle; Karen Aylward; Connor Kense; Evan MacKinnon; Kathy Daniels; Shirley Macdonald; Elizabeth Chen; Kristen Rauh; Anna Melo; Cheryl Carson; Eucharia Commins; Li Jiang; Michael Wong; Amanda Koning; fees: 4243.75 · rate: 145 · hours: 29.3 · quote: Various | Support Staff | 145 | 29.30 | 4,243.75 · title: Support Staff · row kind: bucket · rate kind: average · name as stated: Various · money: total: quote: Total | | | 1,326.10 | $ 410,995.77 · amount: 410995.77 · approximate: false · period: kind: unstated · quote: in relation to Receiver's accounts referenced in Appendix X · approval: state: unstated · averages: · currency: · invoices: · firm text: MNP Ltd. · firm quote: MNP Ltd. as Receiver and Manager (hereinafter, the 'Receiver') · hours total: quote: Total | | | 1,326.10 | $ 410,995.77 · value: 1326.1 · context quote: the Court granted an Order (the 'Receivership Order') appointing MNP Ltd. as Receiver and Manager (hereinafter, the 'Receiver') of the assets and undertakings of the Company.; form: invoice_listing · rows: · money: tax: label: applicable taxes · quote: applicable taxes in the amount of $48,058.94 · amount: 48058.94 · fees: quote: fees in the amount of $229,678.40 · amount: 229678.4 · total: quote: for a total of $263,421.36 · amount: 263421.36 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements in the amount of $5,684.02 · amount: 5684.02 · period: end: 2023-07-31 · kind: cumulative · quote: from the grant of the Receivership Order on November 24, 2010, through to July 31, 2023 · start: 2010-11-24 · approval: state: unstated · averages: · currency: · invoices: · firm text: Fasken · firm quote: Fasken invoiced the Receiver · context quote: As set out in the Fasken Invoices, from the grant of the Receivership Order on November 24, 2010, through to July 31, 2023, Fasken invoiced the Receiver for: fees in the amount of $229,678.40; disbursements in the amount of $5,684.02; and applicable taxes in the amount of $48,058.94, for a total of $263,421.36 ('Fasken's
- recovery outcomeentries: basis: estimated · quote: In light of the foregoing, even after accounting for the ABKB Court Proceeds and distribution of the Receivership estate as contemplated under the Fee Approval & Discharge Order, Servus will suffer a shortfall on the Servus Indebtedness amounting to approximately $530,614.83 (the 'Shortfall'). · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Servus · creditor name: Servus · interim final: unstated · claims qualifier: unstated · shortfall amount: 530614.83; basis: estimated · quote: upon payment of all expenses required to complete the Receivership and upon distribution of the balance of the receivership estate to the Assignee, the Assignee will suffer a shortfall on account of the Indebtedness in the amount of approximately $530,614.83 (the 'Shortfall') · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: the Assignee · creditor name: the Assignee · interim final: unstated · claims qualifier: unstated · shortfall amount: 530614.83 · table missing: