Ontario · CCAA
Fifth Report of the Monitor dated May 22, 2026
Court officer report · 22 May 2026
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What we verified from this filing14 verified
- report date22 May 2026
- report noFifth Report
- operational summarySince the Fourth Report, the Monitor dealt with post-closing matters relating to the Transaction, carried out the Claims Procedure in accordance with the Claims Procedure Order, corresponded with Creditors and other interested parties, corresponded with Cassels and McCarthy regarding the Claims Procedure, corresponded with employees of BHA and BHI regarding certain Proofs of Claim, and prepared this Fifth Report.
- professional feesamount: 64927.5 · entity: KSV Restructuring Inc. (Monitor) · period: January 16 to April 30, 2026 · currency: CAD; amount: 96196.62 · entity: Cassels Brock & Blackwell LLP · period: January 7 to April 30, 2026 · currency: CAD
- cash on handnote: The Monitor states there is sufficient cash on hand plus the Administrative Wind-down Amount and retainers to fund the proceedings through the proposed stay extension, but does not state a dollar amount. · currency: CAD · qualifier: sufficient
- closing confirmedscope: the Subscribed Shares · outcome: completed · effective: 2026-01-30 · purchaser: SJHC · date basis: stated · approval order date: 2026-01-02
- fee scheduleengagements: form: time_summary · rows: Noah Goldstein; Jordan Wong; Tony Trifunovic; fees: 571.25 · hours: 2.25 · quote: Other Staff and administration | 175-240 | 2.25 | 571.25 · rate max: 240 · rate min: 175 · row kind: bucket · rate kind: range · name as stated: Other Staff and administration · money: tax: label: HST · quote: HST | 4,611.53 · amount: 4611.53 · fees: quote: Total fees | 35,402.50 · amount: 35402.5 · total: quote: Total fees and disbursements | $ 35,473.30 · amount: 35473.3 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Out-of-pocket disbursements (Contactout) | 70.80 · amount: 70.8 · period: end: 2026-01-31 · kind: invoice · quote: For the Period January 16 - 31, 2026 · start: 2026-01-16 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') , the court-appointed monitor (the ' Monitor ') · context quote: the court-appointed monitor (the ' Monitor ') under the Companies' Creditors Arrangement Act (the ' CCAA ') of B+H Architects Corp.; form: time_summary · rows: Jordan Wong; Tony Trifunovic; fees: 1493.75 · hours: 5.9 · quote: Other Staff and administration | 200-265 | 5.90 | 1,493.75 · rate max: 265 · rate min: 200 · row kind: bucket · rate kind: range · name as stated: Other Staff and administration · money: tax: label: HST · quote: HST | 3,874.33 · amount: 3874.33 · fees: quote: Total fees | 29,525.00 · amount: 29525 · total: quote: Total fees and disbursements | $ 29,802.55 · amount: 29802.55 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Out-of-pocket disbursements (Postage, Contactout) | 277.55 · amount: 277.55 · period: end: 2026-04-30 · kind: invoice · quote: For the Period February 1 to April 30, 2026 · start: 2026-02-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: as monitor (the ' Monitor ') appointed by the Ontario Superior Court of Justice (Commercial List) · context quote: For professional services rendered between February 1 to April 30, 2026 by KSV Restructuring Inc., as monitor (the ' Monitor '); form: time_summary · rows: Noah Goldstein; Jordan Wong; Tony Trifunovic; fees: 2065 · hours: 8.15 · quote: Other Staff and administration | | 8.15 | 200-265 | 2,065.00 · rate max: 265 · rate min: 200 · row kind: bucket · rate kind: range · name as stated: Other Staff and administration · money: fees: quote: Total fees | | 102.40 | | 64,927.50 · amount: 64927.5 · approximate: false · period: end: 2026-04-30 · kind: cumulative · quote: For the Period from January 16, 2026 to April 30, 2026 · start: 2026-01-16 · approval: state: unstated · averages: rate: 634.06 · quote: Average hourly rate | | | | 634.06 $ · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: 1570499 B.C. LTD. ## Time Summary · hours total: quote: Total fees | | 102.40 | | 64,927.50 · value: 102.4 · context quote: For the Period from January 16, 2026 to April 30, 2026; form: rate_chart · rows: Joseph J. Bellissimo; Ryan Jacobs; Michael Wunder; Joshua Gordon; Shayla Joshi · money: · period: end: 2026-04-30 · kind: cumulative · quote: for the period January 7, 2026 to April 30, 2026 · start: 2026-01-07 · approval: state: unstated · averages: · currency: · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: Cassels Brock & Blackwell LLP for the period January 7, 2026 to April 30, 2026 · context quote: Summary of Respective Years of Call and Billing Rates of ## Cassels Brock & Blackwell LLP for the period January 7, 2026 to April 30, 2026; form: invoice_listing · rows: · money: fees: quote: Total | 84,048.00 · amount: 84048 · approximate: false · period: end: 2026-04-30 · kind: cumulative · quote: for the period January 7, 2026 to April 30, 2026 · start: 2026-01-07 · approval: state: unstated · averages: · currency: · invoices: tax: 3801.2 · fees: 29240 · quote: #2315010 (January 7, 2026 - January 31, 2026) | 29,240.00 | 0.00 | 3,801.20 | 33,041.20 | 22.70 | 1,288.11 · total: 33041.2 · period end: 2026-01-31 · average rate: 1288.11 · period start: 2026-01-07 · disbursements: 0; tax: 5619.09 · fees: 42442 · quote: #2322038 (February 1, 2026 - February 28, 2026) | 42,442.00 | 1,120.75 | 5,619.09 | 49,181.84 | 51.40 | 825.71 · total: 49181.84 · period end: 2026-02-28 · average rate: 825.71 · period start: 2026-02-01 · disbursements: 1120.75; tax: 416.78 · fees: 3206 · quote: #2325490 (March 1, 2026 - | 3,206.00 | 0.00 | 416.78 | 3,622.78 | 2.80 | 1,145.00 · total: 3622.78 · average rate: 1145 · period start: 2026-03-01 · disbursements: 0; tax: 1190.8 · fees: 9160 · quote: #2327357 (April 1, 2026 - April 30, 2026) | 9,160.00 | 0.00 | 1,190.80 | 10,350.80 | 8.00 | 1,145.00 · total: 10350.8 · period end: 2026-04-30 · average rate: 1145 · period start: 2026-04-01 · disbursements: 0 · firm text: Cassels Brock & Blackwell LLP · firm quote: Calculation of Average Hourly Billing Rates of Cassels Brock & Blackwell LLP · context quote: for the period January 7, 2026 to April 30, 2026; form: time_summary · rows: Joseph J. Bellissimo; Michael Wunder; Ryan Jacobs; Joshua Gordon · money: tax: label: HST @ 13.00% · quote: HST @ 13.00% | 3,801.20 · amount: 3801.2 · fees: quote: Our Fees | 29,240.00 · amount: 29240 · total: quote: TOTAL FEES & TAXES (CAD) | 33,041.20 · amount: 33041.2 · includes tax: true · includes disbursements: false · approximate: false · period: end: 2026-01-31 · kind: invoice · quote: Invoice No: 2315010 · approval: state: unstated · averages: · currency: code: CAD · quote: TOTAL (CAD) · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: Cassels Brock & Blackwell LLP · hours total: quote: TOTAL (CAD) | | 22.70 | | 29,240.00 · value: 22.7 · context quote: KSV Advisory Group | Re: B+H Restructuring · context unverified: true; form: time_summary · rows: Joseph J. Bellissimo; Michael Wunder; Ryan Jacobs; Joshua Gordon; Shayla Joshi · money: tax: label: HST @ 13.00% · quote: HST @ 13.00% | | 5,517.46 · amount: 5517.46 · fees: quote: Our Fees | 42,442.00 · amount: 42442 · total: quote: TOTAL FEES & TAXES (CAD) | | | | 47,959.46 · amount: 47959.46 · includes tax: true · includes disbursements: false · approximate: false · disbursements: quote: Disbursements | 1,120.75 · amount: 1120.75 · period: end: 2026-02-28 · kind: invoice · quote: Invoice No: 2322038 · approval: state: unstated · averages: · currency: code: CAD · quote: TOTAL (CAD) · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: Cassels Brock & Blackwell LLP · hours total: quote: TOTAL (CAD) | | 51.40 | | 42,442.00 · value: 51.4 · context quote: KSV Advisory Group | Re: B+H Restructuring · context unverified: true
- operational summaryResidualCo is not an operating entity following closing of the Transaction; the Monitor's remaining activities relate to administering the Claims Procedure and preparing for a distribution to creditors.
- professional feesnote: Excludes disbursements and HST; Cassels (counsel) fees for January 7 to April 30, 2026 were $96,196.62. · party: Monitor (KSV Restructuring Inc.) · amount: 64927.5 · period: January 16, 2026 to April 30, 2026 · currency: CAD
- purchaserSurbana Jurong Holdings (Canada) Ltd.
- report date22 May 2026
- report noFifth Report
- sale outcometext: The Transaction closed on January 30, 2026 · scope: whole_business · status: closed
- stalking horseSurbana Jurong Holdings (Canada) Ltd. (2470000)