Ontario · Receivership (court-appointed)
Second Report of FTI Consulting Canada Inc., as Court Appointed Receiver
Court officer report · 20 March 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- closing confirmedscope: the St. Louis Transaction · outcome: completed · effective: 2023-10-12 · purchaser: 9498-8995 Québec Inc. and 9498-8938 Québec Inc. · date basis: stated · approval order date: 2023-10-06
- operational summaryThe Debtors' business is no longer operational; the Receiver is winding down remaining asset sales (St. Louis, St. Therese, and the Wallaceburg Facility) and expects to complete the receivership following a few remaining tasks.
- professional feesnote: Includes fees of $328,191, disbursements of $18,277.67, and HST of $45,040.95 for the Receiver; Bennett Jones fees separately total $187,340.63 for October 17, 2023 to February 29, 2024 (fees $165,363.50, disbursements $490.25, HST $21,505.88); Receiver estimates further fees to discharge will not exceed $150,000; Bennett Jones estimates further fees will not exceed $75,000. · party: Receiver (FTI) and its counsel Bennett Jones · amount: 391509.62 · period: October 30, 2023 to March 17, 2024 · currency: CAD
- purchaserTHS Foods Canada, Ltd.; 9498-8995 Québec Inc. and 9498-8938 Québec Inc.
- report date20 March 2024
- report noSecond Report
- sale advisorKroll