British Columbia · Receivership (court-appointed)
Fourth Report of Court Appointed Receiver and Manager filed January 27, 2025
Court officer report · 27 January 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: Jeff Keeble; Melinda McKie; Paul Chambers; Jordan Yin; Todd Dew; Kaleb Butt; Xinyi Bao; Teresa Wong; fees: 15443.5 · hours: 34.5 · quote: Total | | 34.5 | | 15,443.50 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: GST at 5.00% · quote: GST at 5.00 % | 802.39 · amount: 802.39 · fees: quote: GST applicable | 15,443.50 · amount: 15443.5 · total: quote: Total Amount Due (CAD) | 16,850.27 · amount: 16850.27 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: GST applicable | 604.38 · amount: 604.38 · period: end: 2024-07-31 · kind: invoice · quote: for the period May 1, 2024 to July 31, 2024. · start: 2024-05-01 · approval: state: unstated · averages: · currency: code: CAD · quote: Total Amount Due (CAD) · invoices: · firm text: Deloitte Restructuring Inc. · firm quote: Deloitte Restructuring Inc. · hours total: quote: Total | | 34.5 | | 15,443.50 · value: 34.5 · context quote: For work performed by Deloitte Restructuring Inc. with respect to the receiverships of CanWest Aerospace Inc. and Can West Global Airparts Inc. for the period May 1, 2024 to July 31, 2024.; form: time_summary · rows: Lisa C. Hiebert; Mishaal Gill; Marnie L. Bailey; hours: 48.7 · quote: Total | | 48.70 | CAD $ 24,871.50 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: BCPST · quote: BCPST | 1,400.00 · amount: 1400 · fees: quote: Total | | 48.70 | CAD $ 24,871.50 · amount: 24871.5 · approximate: false · period: kind: invoice · approval: state: unstated · averages: · currency: code: CAD · quote: CAD $ 24,871.50 · invoices: · firm text: Fasken Martineau DuMoulin LLP · firm quote: Fasken Martineau DuMoulin LLP · hours total: quote: Total | | 48.70 | CAD $ 24,871.50 · value: 48.7 · context quote: Matter: CanWest Aerospace Inc.; form: time_summary · rows: Lisa C. Hiebert; Mishaal Gill; fees: 855 · hours: 1.4 · quote: Total | | 1.40 | CAD $ 855.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: GST · quote: GST | 42.75 · amount: 42.75 · fees: quote: Net Fees | 855.00 · amount: 855 · total: quote: Total Fees, Disbursements and Taxes | CAD $ 957.60 · amount: 957.6 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · quote: December 31, 2024 · approval: state: unstated · averages: · currency: code: CAD · quote: CAD $ 957.60 · invoices: · firm text: Fasken Martineau DuMoulin LLP · firm quote: Fasken Martineau DuMoulin LLP · hours total: quote: Total | | 1.40 | CAD $ 855.00 · value: 1.4 · context quote: Matter: CanWest Aerospace Inc.
- recovery outcomeentries: basis: unstated · quote: RBC has consented to a distribution of USD $20,000 (CAD $27,383) to BDC from the Transaction proceeds, without allocation of the costs incurred in the Receivership Proceedings (the "BDC Distribution"). · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 27383 · amount high: 27383 · class label: BDC · creditor name: BDC · interim final: unstated · currency quote: CAD $27,383 · claims qualifier: unstated; basis: estimated · quote: Since RBC and BDC are expected to suffer material shortfalls, there will be no funds available to any unsecured creditors of the Companies. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of the Companies · interim final: unstated · conditional on: Since RBC and BDC are expected to suffer material shortfalls · claims qualifier: unstated; basis: estimated · quote: The RBC Distribution is subject to the actual final costs and distributions. However, the Receiver notes that RBC will suffer a significant shortfall on the RBC indebtedness since the debt is more than $3.5 million and the RBC Distribution is expected to be approximately $39,000. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: RBC · creditor name: RBC · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-27 · table missing: