Ontario · Receivership (court-appointed)
Motion Record of the Receiver returnable October 6, 2023
Application / notice of application · 6 October 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 579.29 · quote: The average hourly rates for KSV and Aird & Berlis for the referenced billing periods were $579.29 and $529.09, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV '), in its capacity as court-appointed receiver and manager (the ' Receiver ') · context quote: in its capacity as court-appointed receiver and manager (the ' Receiver '); form: prose · rows: · money: total: quote: in the amount of $16,444.10, inclusive of HST and disbursements · amount: 16444.1 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2023-01-31 · kind: invoice · quote: an account dated February 23, 2023, which captures the fees rendered for the period from January 3, 2023 to January 31, 2023 in the amount of $16,444.10, inclusive of HST and disbursements. · start: 2023-01-03 · approval: state: unstated · averages: rate: 529.09 · quote: The average hourly rates for KSV and Aird & Berlis for the referenced billing periods were $579.29 and $529.09, respectively. · scope: Aird & Berlis · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: AIRD & BERLIS LLP · context quote: AIRD & BERLIS LLP
- recovery outcomeentries: basis: estimated · quote: As noted in the Pre-Filing Report and above, BMO will incur a significant shortfall on its secured loans to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Following Closing, the Receiver paid the Success Bonus to the key employees and has made interim distributions to BMO totalling approximately $8.2 million. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 8200000 · cumulative: true · amount high: 8200000 · class label: BMO · creditor name: Bank of Montreal · interim final: interim · claims qualifier: unstated · table missing: