Ontario · CCAA
Ninth Report of the Monitor
Court officer report · 20 March 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified · 4 withheld
- fee scheduleengagements: form: invoice_listing · rows: Jeffrey Rosenberg; Jodi Porepa; Adsaran Vithiyananthan; Jennifer Ye; fees: 108040 · hours: 105.8 · quote: Total Professional Services | | | 105.80 | $108,040.00 · row kind: subtotal · rate kind: standard · name as stated: Total Professional Services; Jeffrey Rosenberg; Jodi Porepa; Adsaran Vithiyananthan; Jennifer Ye; fees: 18916 · hours: 19 · quote: Total Professional Services | | | 19.00 | $18,916.00 · row kind: subtotal · rate kind: standard · name as stated: Total Professional Services · money: tax: label: HST · quote: Harmonized Sales Tax (' HST ') in the amount of $16,504.28 · amount: 16504.28 · fees: quote: The fees of the Monitor for the period of October 1, 2024 to March 16, 2025 are $126,956.00 · amount: 126956 · total: quote: for a total of $143,460.28 · amount: 143460.28 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements in the amount of $0.00 · amount: 0 · period: end: 2025-03-16 · kind: interim · label: Fee Approval Period · quote: The Monitor now requests approval of its fees and disbursements for the period of October 1, 2024 to March 16, 2025 · start: 2024-10-01 · approval: quote: The Monitor now requests approval of its fees and disbursements for the period of October 1, 2024 to March 16, 2025 · state: sought · averages: · currency: code: CAD · quote: Currency · invoices: tax: 14045.2 · fees: 108040 · quote: Total Due | $122,085.20 · total: 122085.2 · period end: 2025-02-28; tax: 2459.08 · fees: 18916 · quote: Total Due | $21,375.08 · total: 21375.08 · period end: 2025-03-16 · firm text: FTI Consulting Canada Inc. · firm quote: FTI Consulting Canada Inc. In its capacity as Monitor of 15315441 Canada Inc. · hours total: quote: the Monitor has expended a total of 124.8 hours in connection with the CCAA Proceedings · value: 124.8 · context quote: appointed FTI Consulting Canada Inc. as monitor of F&F (in such capacity, the ' Monitor ') · comparability quote: To the best of my knowledge, the hourly rates and the total amount of fees are reasonable and comparable for insolvency services of this nature rendered by other firms in the City of Toronto.; form: invoice_listing · rows: Leanne Williams; Leanne Williams; Rebecca L. Kennedy; Rebecca L. Kennedy; Derek Harland; Derek Harland; Marco Gaspar; Marco Gaspar; Daniel Alievsky; hours: 159.3 · quote: Total | | | | | 159.30 · row kind: subtotal · rate kind: standard · name as stated: Total · money: tax: label: HST · quote: 16,452.16 $ · amount: 16452.16 · fees: quote: TOTAL | | 159.3 | 122,869.00 $ · amount: 122869 · total: quote: 143,007.24 $ · amount: 143007.24 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 3,686.08 $ · amount: 3686.08 · period: end: 2025-03-16 · kind: cumulative · quote: Summary of professional fees by invoice for the period October 1, 2024 to March 16, 2025 · start: 2024-10-01 · approval: quote: The Monitor now requests approval of its fees and disbursements for the period of October 1, 2024 to March 16, 2025 and the fees and disbursements for its legal counsel for the period of October 1, 2024 to March 16, 2025. · state: sought · averages: · currency: code: CAD · quote: Please note that all our accounts are rendered in Canadian Dollars. · invoices: tax: 4496.63 · fees: 33582 · quote: Inv. 41777 | For period ended October 31, 2024 | 45.4 | 33,582.00 $ | 1,007.46 $ | 4,496.63 $ | 39,086.09 $ · total: 39086.09 · period end: 2024-10-31 · disbursements: 1007.46; tax: 5716.79 · fees: 42694.5 · quote: Inv. 42023 | For period ended Dec. 31, 2024 | 54.7 | 42,694.50 $ | 1,280.84 $ | 5,716.79 $ | 49,692.13 $ · total: 49692.13 · period end: 2024-12-31 · disbursements: 1280.84; tax: 3629.03 · fees: 27102.5 · quote: Inv. 42209 | For period ended February 28, 2025 | 34 | 27,102.50 $ | 813.08 $ | 3,629.03 $ | 31,544.61 $ · total: 31544.61 · period end: 2025-02-28 · disbursements: 813.08; tax: 2609.71 · fees: 19490 · quote: Inv. 42213 | For period ended March 16, 2025 | 25.2 | 19,490.00 $ | 584.70 $ | 2,609.71 $ | 22,684.41 $ · total: 22684.41 · period end: 2025-03-16 · disbursements: 584.7 · firm text: Thornton Grout Finnigan LLP · firm quote: Thornton Grout Finnigan LLP · hours total: quote: TOTAL | | 159.3 · value: 159.3 · context quote: Lawyers for the Court-appointed Monitor
- operational summaryResidual Co. has no ongoing business operations and is winding down through the CCAA claims process; the Monitor is seeking approval of pro rata distributions to creditors, establishment of a termination reserve, and an order permitting Residual Co. to file an assignment into bankruptcy once distributions are complete.
- professional feesnote: Fees $126,956.00 plus HST $16,504.28; Monitor's counsel (TGF) fees for same period were $122,869.00, disbursements $3,696.08, HST $16,452.17, totaling $143,007.25. · party: Monitor (FTI Consulting Canada Inc.) · amount: 143460.28 · period: October 1, 2024 to March 16, 2025 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The estimated distributions to creditors on a consolidated basis are expected to be approximately 30 cents on the dollar. · pct of: unstated · outcome: distribution · pct low: 30 · pct high: 30 · class key: unsecured · stated by: monitor · class label: creditors on a consolidated basis · interim final: unstated · cents on dollar: 30 · claims qualifier: unstated · stated on: 2025-03-20 · table missing:
- report date20 March 2025
- sale advisorFTI Consulting Canada Inc.
- sale outcometext: The Transaction (subscription agreement) closed and F&F Entities were released as applicants · scope: whole_business · status: closed
4 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.