Ontario · CCAA
Sixth Report of the Monitor .pdf
Court officer report · 5 April 2021
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 filing11 verified
- cash on handnote: Closing bank cash balance in CIBC Temp Account at end of Reporting Period · as at: 2021-03-19 · amount: 591119 · currency: USD
- disbursementsnote: Total Disbursements for the Reporting Period October 17, 2020 to March 19, 2021 · since: October 17, 2020 (start of Reporting Period) · amount: 2653009 · currency: USD
- fee scheduleengagements: form: invoice_listing · rows: Michael Wren; Kyla Mahar; Gregory Azeff; Asim Iqbal; Tamie Dolny; Alina Stoica; Patty Watson · money: tax: label: HST · quote: $46,270.81 · amount: 46270.81 · fees: quote: $355,783.50 · amount: 355783.5 · total: quote: $402,213.41 · amount: 402213.41 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: $159.10 · amount: 159.1 · period: end: 2021-02-28 · kind: invoice · label: FOR THE PERIOD JULY 1, 2020 TO FEBRUARY 28, 2021 · quote: Billing rates For the period July 1, 2020 to February 28, 2021 · start: 2020-07-01 · approval: state: unstated · averages: rate: 746.6 · quote: $746.60 · scope: Combined Fees · currency: · invoices: tax: 4133.35 · fees: 31795 · quote: July 1-31/2020 | 3533802 | $31,795.00 | | $4,133.35 | 43.00 | $740.79 | $35,928.35 · total: 35928.35 · period end: 2020-07-31 · average rate: 740.79 · period start: 2020-07-01; tax: 6443.97 · fees: 49495 · quote: Aug 1-31/2020 | 3548739 | $49,495.00 | $85.00 | $6,443.97 | 70.40 | $705.58 | $56,023.97 · total: 56023.97 · period end: 2020-08-31 · average rate: 705.58 · period start: 2020-08-01 · disbursements: 85; tax: 2639 · fees: 20300 · quote: Sept 1-30, 2020 | 3553350 | $20,300.00 | | $2,639.00 | 27.80 | $734.38 | $22,939.00 · total: 22939 · period end: 2020-09-30 · average rate: 734.38 · period start: 2020-09-01; tax: 6172.01 · fees: 47477 · quote: Oct 1-31/2020 | 3563023 | $47,477.00 | | $6,172.01 | 66.50 | $719.99 | $53,649.01 · total: 53649.01 · period end: 2020-10-31 · average rate: 719.99 · period start: 2020-10-01; tax: 5698 · fees: 43759 · quote: Nov 1-30/2020 | 3563431 | $43,759.00 | $74.10 | $5,698.00 | 62.80 | $696.80 | $49,531.10 · total: 49531.1 · period end: 2020-11-30 · average rate: 696.8 · period start: 2020-11-01 · disbursements: 74.1; tax: 2966.6 · fees: 22820 · quote: Dec 1-31/2020 | 3571081 | $22,820.00 | | $2,966.60 | 30.50 | $748.15 | $25,786.60 · total: 25786.6 · period end: 2020-12-31 · average rate: 748.15 · period start: 2020-12-01; tax: 4553.9 · fees: 35030 · quote: Jan 1-31/ 2021 | 3600874 | $35,030.00 | | $4,553.90 | 45.20 | $775.00 | $39,583.90 · total: 39583.9 · period end: 2021-01-31 · average rate: 775 · period start: 2021-01-01; tax: 4171.05 · fees: 32085 · quote: Feb 1-28/2020 | 3602005 | $32,085.00 | | $4,171.05 | 41.40 | $775.00 | $36,256.05 · total: 36256.05 · period end: 2020-02-28 · average rate: 775 · period start: 2020-02-01 · firm text: Miller Thomson LLP · firm quote: Lawyers for Deloitte Restructuring Inc, Monitor of the Applicants. · hours total: quote: 484.10 · value: 484.1 · context quote: Lawyers for Deloitte Restructuring Inc, Monitor of the Applicants.
- operational summaryNAFA continues a limited wind-down and monetization of remaining assets amid a depressed but recovering fur market, focusing on completing the Skyway Property sale, collecting auction and loan proceeds, pursuing insurance claims and litigation on rollover loans, and exploring its brokerage business.
- professional feesnote: Includes fees of $918,250, disbursements of $345, administration charges of $64,236, and HST of $127,768; Miller Thomson (Monitor's counsel) accounts separately totaled $402,203 including HST of $46,270 · party: Monitor (Deloitte Restructuring Inc.) · amount: 1110599 · period: July 1, 2020 to February 28, 2021 · currency: CAD
- purchaserGestion Famille Wei Li II Inc. and Wei Li Family Holding II Inc.; Niche Bakers Properties Inc.
- receipts cumulativenote: Total Receipts for the Reporting Period October 17, 2020 to March 19, 2021 · since: October 17, 2020 (start of Reporting Period) · amount: 5981519 · currency: USD
- report date5 April 2021
- report noSixth Report
- sale advisorCBRE Group Inc.
- sale outcometext: Approving the sale of NAFA's principal premises located at the Skyway Property and the Ground Leases related thereto to Gestion Famille Wei Li II Inc. and Wei Li Family Holding II Inc. · scope: parcel · status: pending_approval