Ontario · Receivership (court-appointed)
Second Report of the Receiver dated August 5, 2020
Court officer report · 5 August 2020
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What we verified from this filing9 verified
- fee scheduleengagements: form: time_summary · rows: Noah Goldstein; Esther Mann; fees: 2802.75 · hours: 6.65 · quote: Other staff and administrative | | | 6.65 | 125-725 | 2,802.75 · rate max: 725 · rate min: 125 · row kind: bucket · rate kind: range · name as stated: Other staff and administrative · money: fees: quote: Total fees | | | | | 74,327.75 · amount: 74327.75 · total: quote: Total | | | | | 69,327.75 · amount: 69327.75 · includes tax: false · approximate: false · period: end: 2020-07-31 · kind: cumulative · quote: For the Period from the commencement of the proceedings to July 31, 2020 · approval: state: unstated · averages: rate: 521.85 · quote: The average hourly rate for the Receiver, Chaitons and DLA for the referenced billing period was $521.85, $517.72 and $595.00, respectively. · scope: Receiver · currency: · invoices: fees: 34690.25 · quote: Total professional fees and disbursements | 29,723.37 · total: 29723.37 · period end: 2020-03-31 · disbursements: 33.12; fees: 39637.5 · quote: Total professional fees and disbursements | 39,730.34 · total: 39730.34 · period end: 2020-07-31 · period start: 2020-04-01 · disbursements: 92.84 · firm text: KSV Kofman Inc. · firm quote: Second Report of KSV Kofman Inc. as Receiver of 9265988 Canada Corp. · hours total: quote: Total hours | | | | | 132.85 · value: 132.85 · context quote: the Receiver finalized its Second Report to Court in which it provided a summary of the Receiver's fees for the period from the commencement of the receivership to July 31, 2020. · discount note: text: Discount · quote: Discount | | | | | (5,000.00); form: time_summary · rows: Robert Kofman; Noah Goldstein; Esther Mann; fees: 591.5 · hours: 3.6 · quote: Other staff and administration | | 3.60 | 591.50 · row kind: bucket · rate kind: standard · name as stated: Other staff and administration · money: tax: label: HST · quote: HST | 3,864.04 · amount: 3864.04 · fees: quote: Total Fees | | 67.15 | 34,690.25 · amount: 34690.25 · total: quote: Total due | 33,587.41 · amount: 29723.37 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Out of Pocket Disbursements | | | 33.12 · amount: 33.12 · period: end: 2020-03-31 · kind: invoice · quote: For the period ending March 31, 2020 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. Receivership of 9265988 Canada Corp. · hours total: quote: Total Fees | | 67.15 | 34,690.25 · value: 67.15 · context quote: To professional services rendered for the period ending March 31, 2020 by KSV Kofman Inc. · discount note: text: Discount · quote: Discount | | | (5,000.00); form: time_summary · rows: Noah Goldstein; Esther Mann; fees: 1087.5 · hours: 1.5 · quote: Other staff and administration | | 1.50 | 1,087.50 · row kind: bucket · rate kind: standard · name as stated: Other staff and administration · money: tax: label: HST · quote: HST | 5,164.94 · amount: 5164.94 · fees: quote: Total Fees | | 65.70 | 39,637.50 · amount: 39637.5 · total: quote: Total | | | 39,730.34 · amount: 39730.34 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Out of Pocket Disbursements | | | 92.84 · amount: 92.84 · period: end: 2020-07-31 · kind: invoice · quote: Time Summary For the period from April 1, 2020 to July 31, 2020 · start: 2020-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. Receivership of 9265988 Canada Corp. · hours total: quote: Total Fees | | 65.70 | 39,637.50 · value: 65.7 · context quote: To professional services rendered for the period from April 1, 2020 to July 31, 2020 by KSV Kofman Inc. in its capacity as receiver (the 'Receiver') of the Company
- operational summaryThe Company has no ongoing business operations beyond the real property development project; the Receiver has completed rezoning and is now seeking court approval of a sale transaction for the property and its own discharge.
- process resultsbids: 5 · ndas: 25 · note: 25 parties executed the CA and were provided a copy of the CIM and access to the VDR; five parties submitted offers. · solicited: 1500
- professional feesnote: Excludes disbursements and HST; Chaitons LLP (Receiver's counsel) fees for same period were $29,148.00 and DLA Piper (Canada) LLP fees were $2,320.50. · party: KSV Kofman Inc. (Receiver) · amount: 69327.75 · period: commencement of proceedings to July 31, 2020 · currency: CAD
- purchaserBridlepath Capital Corporation and City Core Consortia Limited
- report date5 August 2020
- report noSecond Report
- sale advisorCBRE Group Inc.
- sale outcometext: The Receiver is now seeking approval of the transaction · scope: parcel · status: pending_approval