Alberta · Receivership (court-appointed)
First Report of the Court Appointed Receiver, dated March 17, 2021
Court officer report · 17 March 2021
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What we verified from this filing8 verified
- applicantBANK OF MONTREAL
- courtCOURT OF QUEEN’S BRENCH OF ALBERTA
- court file no1901-10871
- appointeeDeloitte Restructuring Inc.
- appointee rolereceiver and manager
- commencement date11 October 2019
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 4,097.04 · amount: 4097.04 · fees: quote: 81,940.77 · amount: 81940.77 · total: quote: 86,037.81 · amount: 86037.81 · includes tax: true · approximate: false · period: end: 2021-03-05 · kind: cumulative · quote: SUMMARY OF RECEIVER'S FEES AS AT MARCH 5, 2021 · approval: state: unstated · averages: · currency: · invoices: tax: 981.25 · date: 2020-03-06 · fees: 19625.02 · quote: Deloitte - INV8001048577 | 6-Mar-20 | 19,625.02 | 981.25 | 20,606.27 · total: 20606.27; tax: 1718.44 · date: 2020-08-18 · fees: 34368.75 · quote: Deloitte - INV8001324586 | 18-Aug-20 | 34,368.75 | 1,718.44 | 36,087.19 · total: 36087.19; tax: 568.1 · date: 2021-02-19 · fees: 11362 · quote: Deloitte - INV8001622263 | 19-Feb-21 | 11,362.00 | 568.10 | 11,930.10 · total: 11930.1; tax: 829.25 · date: 2021-03-05 · fees: 16585 · quote: Work-in-progress | 5-Mar-21 | 16,585.00 | 829.25 | 17,414.25 · total: 17414.25 · firm text: Deloitte Restructuring Inc. · firm quote: PREPARED BY DELOITTE RESTRUCTURING INC. · context quote: Deloitte Restructuring Inc.' ) was appointed as interim receiver (the ' Interim Receiver '), without security, of all the assets, undertakings, and properties of every nature and kind · context unverified: true; form: invoice_listing · rows: · money: tax: label: GST · quote: 2,370.76 · amount: 2370.76 · fees: quote: 47,363.12 · amount: 47363.12 · total: quote: 49,785.66 · amount: 49785.66 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 51.79 · amount: 51.79 · period: end: 2021-03-05 · kind: cumulative · quote: SUMMARY OF RECEIVER'S LEGAL COUNSEL'S FEES AS AT MARCH 5, 2021 · approval: state: unstated · averages: · currency: · invoices: tax: 456.4 · date: 2020-01-31 · fees: 9079 · quote: Dentons - Invoice 3486168 | 31-Jan-20 | 9,079.00 | 49.00 | 456.40 | 9,584.40 · total: 9584.4 · disbursements: 49; tax: 125.09 · date: 2020-02-29 · fees: 2500 · quote: Dentons - Invoice 3493136 | 29-Feb-20 | 2,500.00 | 1.89 | 125.09 | 2,626.98 · total: 2626.98 · disbursements: 1.89; tax: 25.88 · date: 2020-03-31 · fees: 516.5 · quote: Dentons - Invoice 3501581 | 31-Mar-20 | 516.50 | 0.90 | 25.88 | 543.28 · total: 543.28 · disbursements: 0.9; tax: 211 · date: 2020-04-30 · fees: 4220 · quote: Dentons - Invoice 3505984 | 30-Apr-20 | 4,220.00 | - | 211.00 | 4,431.00 · total: 4431; tax: 1552.38 · fees: 31047.62 · quote: Work-in-progress (estimate) | | 31,047.62 | - | 1,552.38 | 32,600.00 · total: 32600 · firm text: Dentons Canada · firm quote: Dentons Canada Suite 1500, 850 - 2nd Street SW Calgary, AB T2P 0R8 · context quote: Attention: Derek Pontin
- recovery outcomeentries: basis: estimated · quote: The Receiver anticipates that there will be no funds available for distribution to any unsecured creditors as BMO is expected to suffer a significant shortfall in recoveries. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Receiver anticipates that there will be no funds available for distribution to any unsecured creditors as BMO is expected to suffer a significant shortfall in recoveries. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated · stated on: 2021-03-17 · table missing: