Ontario · Receivership (court-appointed)
Motion Record
Application / notice of application · 17 May 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: total: quote: The total amount being claimed for the work performed by WFK for the period of June 7, 2021 to March 3 1 , 2022, for which approval is being sought at this court is $98,062.61, exclusive of HST. · amount: 98062.61 · includes tax: false · approximate: false · period: end: 2022-03-31 · kind: invoice · quote: for the period of June 7, 2021 to March 3 1 , 2022 · start: 2021-06-07 · approval: quote: for which approval is being sought at this court is $98,062.61 · state: sought · averages: rate: 386.9 · quote: The average hourly rate (before taxes) in respect of the account is $386.90. · scope: before taxes; rate: 487.5 · quote: The Billing Summary indicates an average hourly rate of $487.50. · currency: · invoices: · firm text: WFK · firm quote: The total amount being claimed for the work performed by WFK for the period of June 7, 2021 to March 3 1 , 2022, for which approval is being sought at this court is $98,062.61, exclusive of HST. · context quote: The total amount being claimed for the work performed by WFK for the period of June 7, 2021 to March 3 1 , 2022, for which approval is being sought at this court is $98,062.61, exclusive of HST.
- recovery outcomeentries: basis: unstated · quote: Without the implementation of the Reorganization Steps, neither Maxium or National Pharmacy would receive recovery on their indebtedness; · pct of: unstated · outcome: nil · class key: secured · stated by: receiver · class label: Maxium and National Pharmacy · interim final: unstated · conditional on: Without the implementation of the Reorganization Steps · claims qualifier: unstated; basis: liquidation_alternative · quote: If Pulse were to be bankrupt, the CRA would not receive any recovery on its unsecured claim; and · pct of: unstated · outcome: nil · class key: deemed_trust · stated by: receiver · class label: CRA · creditor name: CRA · interim final: unstated · conditional on: If Pulse were to be bankrupt · claims qualifier: unstated; basis: unstated · quote: The costs of managing and retaining the Redundant Records are material, particularly in these circumstances where the Secured Creditors will be suffering a shortfall in the recovery of the indebtedness owing by the Companies to the Secured Creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-05-17 · table missing: