Ontario · Receivership (court-appointed)
Motion Record of Receiver returnable January 10, 2025
Application / notice of application · 10 January 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $180,159.50 before disbursements and applicable taxes · amount: 180159.5 · approximate: false · period: end: 2024-12-31 · kind: interim · quote: The Receiver's fees from June 1 to December 31, 2024 encompass 477.9 hours at an average hourly rate of $376.98 for a total of $180,159.50 before disbursements and applicable taxes. · start: 2024-06-01 · approval: state: unstated · averages: rate: 376.98 · quote: an average hourly rate of $376.98 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager · hours total: quote: encompass 477.9 hours at an average hourly rate of $376.98 · value: 477.9 · context quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager (in such capacities, the ' Receiver ') of all of the assets, undertakings and properties of each of 1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd., and 2544924 Ontario Inc.; form: prose · rows: · money: fees: quote: for a total of $126,832.50 before disbursements and applicable taxes · amount: 126832.5 · approximate: false · period: end: 2023-12-31 · kind: cumulative · quote: The Receiver's fees to December 31, 2023 encompass 290.80 hours at an average hourly rate of approximately $436.15 for a total of $126,832.50 before disbursements and applicable taxes. · approval: state: unstated · averages: rate: 436.15 · quote: an average hourly rate of approximately $436.15 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager · hours total: quote: encompass 290.80 hours at an average hourly rate of approximately $436.15 · value: 290.8 · context quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager (in such capacities, the ' Receiver ') of all of the assets, undertakings and properties of each of 1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd., and 2544924 Ontario Inc.; form: prose · rows: · money: fees: quote: for a total of $23,420.00 prior to disbursements of $154.00 and applicable taxes · amount: 23420 · approximate: false · disbursements: quote: disbursements of $154.00 and applicable taxes · amount: 154 · period: end: 2023-12-28 · kind: cumulative · quote: The Receiver's Counsel's fees to December 28, 2023 encompass 40.7 hours at an average hourly rate of approximately $575.43 for a total of $23,420.00 prior to disbursements of $154.00 and applicable taxes. · approval: quote: THIS COURT ORDERS that the fees and disbursements of the Receiver's independent counsel, Dickinson Wright LLP, for the period of December 29, 2023 to and including June 18, 2024, as set out in fee affidavit of John Leslie appended to the Second Report, are hereby approved. · state: approved · averages: rate: 575.43 · quote: an average hourly rate of approximately $575.43 · currency: · invoices: · firm text: Dickinson Wright LLP · firm quote: the Receiver's independent counsel, Dickinson Wright LLP · hours total: quote: encompass 40.7 hours at an average hourly rate of approximately $575.43 · value: 40.7 · context quote: THIS COURT ORDERS that the fees and disbursements of the Receiver's independent counsel, Dickinson Wright LLP, for the period of December 29, 2023 to and including June 18, 2024, as set out in fee affidavit of John Leslie appended to the Second Report, are hereby approved.; form: prose · rows: · money: fees: quote: for a total of $281,586.50 before disbursements and applicable taxes · amount: 281586.5 · approximate: false · period: end: 2024-05-31 · kind: interim · quote: The Receiver's fees from January 1 to May 31, 2024 encompass 712.4 hours at an average hourly rate of $395.26 for a total of $281,586.50 before disbursements and applicable taxes. · start: 2024-01-01 · approval: quote: THIS COURT ORDERS that the fees and disbursements of the Receiver for the period of January 1, 2024 to and including May 31, 2024, as set out in the fee affidavit of Peter Crawley appended to the Second Report, are hereby approved. · state: approved · averages: rate: 395.26 · quote: an average hourly rate of $395.26 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager · hours total: quote: encompass 712.4 hours at an average hourly rate of $395.26 · value: 712.4 · context quote: BDO Canada Limited, in its capacity as the Court-Appointed receiver and manager (in such capacities, the ' Receiver ') of all of the assets, undertakings and properties of each of 1557113 Ontario Inc., 1870431 Ontario Inc., 2500994 Ontario Ltd., and 2544924 Ontario Inc.; form: prose · rows: · money: total: quote: DW's fees and disbursements in connection with this matter for the period from June 16, 2024 to August 31, 2024 total $ 1 29,780.26, including HST and disbursements. · amount: 129780.26 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2024-08-31 · kind: invoice · quote: DW's fees and disbursements in connection with this matter for the period from June 16, 2024 to August 31, 2024 total $ 1 29,780.26, including HST and disbursements. · start: 2024-06-16 · approval: state: unstated · averages: · currency: · invoices: · firm text: Dickinson Wright LLP · firm quote: DW's fees and disbursements in connection with this matter · context quote: DW's fees and disbursements in connection with this matter for the period from June 16, 2024 to August 31, 2024 total $ 1 29,780.26, including HST and disbursements.
- recovery outcomeentries: basis: unstated · quote: Final distribution of residual funds, if any, to Tandia (who will suffer a shortfall under its loan). · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Tandia (first-ranking secured creditor) · creditor name: Tandia Financial Credit Union Limited · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: There will be no proceeds available to subordinate secured creditors or unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: subordinate secured creditors or unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-02 · table missing: