Nova Scotia · NOI
Fifth Report of the Proposal Trustee dated December 17, 2025
Court officer report · 17 December 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- fee scheduleengagements: form: prose · rows: · money: tax: label: HST · quote: HST of $14,155.97 · amount: 14155.97 · total: quote: total fees, admin and expenses amounted to $101,114.08, with HST of $14,155.97 for a total of $115,270.05 · amount: 115270.05 · includes tax: true · includes disbursements: true · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 444.89 · quote: At an average rate of approximately $444.89/hour · currency: · invoices: · firm text: Grant Thornton Limited · firm quote: FIFTH REPORT TO THE COURT SUBMITTED BY GRANT THORNTON LIMITED IN ITS CAPACITY AS PROPOSAL TRUSTEE · context quote: Grant Thornton Limited (' GTL ') was appointed as Licensed Insolvency Trustee (' Proposal Trustee ')
- purchaser1001285202 Ontario Inc.
- recovery outcomeentries: basis: liquidation_alternative · quote: The Proposal Trustee is of the view that, in the event of a bankruptcy, the return to 5202 Ontario would be negligible and likely to not clear the DIP Lender's Charge, providing no distribution to the secured or unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: secured or unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: The Proposal Trustee notes that, while no distribution will be made to the unsecured creditors, the effect of the Proposed Transaction on the Company's stakeholders would be: · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-12-17 · table missing:
- sale outcometext: Proposed Transaction pending Court approval via reverse vesting order · scope: whole_business · status: pending_approval