Ontario · Receivership (court-appointed)
Motion Record (Motion Returnable February 27, 2015) – dated February 20, 2015
Application / notice of application · 27 February 2015
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2015-01-31 · kind: interim · quote: THIS COURT ORDERS that the fees and disbursements of the Receiver for the period of July 1 , 2014 to January 31, 2015 as described in the Patel Affidavit be and are hereby approved. · start: 2014-07-01 · approval: quote: THIS COURT ORDERS that the fees and disbursements of the Receiver for the period of July 1 , 2014 to January 31, 2015 as described in the Patel Affidavit be and are hereby approved. · state: approved · averages: rate: 430.65 · quote: The average hourly rate billed by the Receiver during the Period is $430.65. · currency: · invoices: · context quote: The average hourly rate billed by the Receiver during the Period is $430.65. · firm unverified: true; form: rate_chart · rows: Lisa Hughes; Rachael Lee · money: approximate: false · period: end: 2015-01-31 · kind: interim · quote: THIS COURT ORDERS that the fees and disbursements of Davies for the period of July 1 , 2014 to January 31, 2015 as described in the Schwill Affidavit, be and are hereby approved. · start: 2014-07-01 · approval: quote: THIS COURT ORDERS that the fees and disbursements of Davies for the period of July 1 , 2014 to January 31, 2015 as described in the Schwill Affidavit, be and are hereby approved. · state: approved · averages: rate: 564.38 · quote: Blended Hourly Rate $564.38 · currency: · invoices: · firm text: Davies Ward Phillips & Vineberg LLP · firm quote: Davies Ward Phillips & Vineberg LLP 155 Wellington Street West Toronto, ON M5V 3J7 · context quote: Lawyers for the Receiver
- recovery outcomeentries: basis: estimated · quote: after the Receiver makes the proposed $840,000 BMO Distribution, the Lender is expected to suffer a shortfall on its advances to AFI; · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lender (BMO) · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As such, there will not be any funds available for distribution to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As such, BMO will suffer a significant shortfall on its advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: After the Receiver makes the $4.8 million payment contemplated, BMO is expected to suffer a shortfall on its advances to the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: BMO · creditor name: BMO · interim final: unstated · claims qualifier: unstated · stated on: 2015-02-19 · table missing: