Ontario · Receivership (court-appointed)
Motion Record dated September 26, 2023
Application / notice of application · 26 September 2023
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What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: Caitlin Fell · money: tax: label: HST (13%) · quote: HST (13%) $4,746.97 · amount: 4746.97 · fees: quote: Professional fees $36,006 · amount: 36006 · total: quote: TOTAL PROFESSIONAL FEES $41,262.13 · amount: 41262.13 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements $509.16 · amount: 509.16 · period: end: 2023-08-30 · kind: cumulative · quote: RECON's fees and disbursements for the period of April 3, 2023 to August 30, 2023 are summarized in the invoices rendered to the Receiver (the ' Invoices '). · start: 2023-04-03 · approval: quote: The total amount being claimed for the work performed by RECON for the period of April 3, 2023 to August 30, 2023 for which approval is being sought at this court is $36,515.16, exclusive of HST. · state: sought · averages: rate: 449.51 · quote: The Billing Summary indicates an average hourly rate of $449.51. · currency: · invoices: · firm text: RECON · firm quote: RECON's fees and disbursements for the period of April 3, 2023 to August 30, 2023 are summarized in the invoices rendered to the Receiver (the ' Invoices '). · context quote: Lawyers for the Receiver, msi Spergel, in its capacity as the court appointed Receiver of The Hypoint Company Limited and 2618909 Ontario Limited.
- recovery outcomeentries: basis: unstated · quote: Further, the Receiver is looking to distribute the deemed trust priority claim for source deductions as against Hypoint in the amount of $43,588.11 owing to the Canada Revenue Agency. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: court · cumulative: false · class label: Canada Revenue Agency (Deemed Trust Priority Claim for source deductions) · claims amount: 43588.11 · creditor name: Canada Revenue Agency · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: Amounts owing to Richard Goldberg in the amount of $245,000, together with interest thereon from the date of advance to the date of payment, in satisfaction of the Receiver's Borrowings Charge; · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 245000 · cumulative: false · amount high: 245000 · class label: Richard Goldberg (Receiver's Borrowings Charge) · creditor name: Richard Goldberg · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Amounts owing to Bruce Lubelsky as first mortgagee in the amount of $1,300,000.00 plus interest thereon and associated legal fees; and · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 1300000 · cumulative: false · amount high: 1300000 · class label: Bruce Lubelsky (first mortgagee) · creditor name: Bruce Lubelsky · interim final: interim · claims qualifier: unstated; basis: unstated · quote: Amounts owing to Delrin Investments Inc., Samuel Stern, Harvey Kessler, and Richard Goldberg in the amount of $2,750,347.29. · pct of: unstated · outcome: distribution · class key: secured · stated by: court · amount low: 2750347.29 · cumulative: false · amount high: 2750347.29 · class label: Delrin Investments Inc., Samuel Stern, Harvey Kessler, and Richard Goldberg (second mortgagees) · creditor name: Delrin Investments Inc., Samuel Stern, Harvey Kessler, and Richard Goldberg · interim final: unstated · claims qualifier: unstated · stated on: 2023-09-26 · table missing: