Ontario · Receivership (court-appointed)
Third Report of the Receiver dated November 26, 2025
Court officer report · 26 November 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- report date26 November 2025
- report noThird Report
- cash on handamount: 1250000 · currency: CAD · qualifier: approximately
- operational summarySince the Second Report, the Receiver's activities included corresponding with Paliare Roland and Osler regarding closing the Transaction; corresponding with McKenzie Lake regarding closing; reviewing closing documents including the statement of adjustments; reviewing Osmington's payout statement; providing Osmington with closing updates; calculating the distribution to Osmington; corresponding with the City of Barrie regarding property maintenance; corresponding with a third-party contractor regarding security and surveillance of the Property; paying ongoing receivership costs; filing HST returns; and drafting this Report.
- professional feesReceiver's fees for October 1-31, 2025: $44,443.75 (excl. disbursements and HST); Paliare Roland's fees for October 14 to November 23, 2025: $8,561 (excl. disbursements and HST); Osler's fees for October 14 to November 5, 2025: $34,701.00 (excl. HST and disbursements)
- fee scheduleengagements: form: time_summary · rows: Noah Goldstein; Jordan Wong; Dean Perlman; fees: 1052.5 · hours: 4.55 · quote: Other staff and administrative | | | 4.55 | 175 - 240 | 1,052.50 · rate max: 240 · rate min: 175 · row kind: bucket · rate kind: range · name as stated: Other staff and administrative · money: fees: quote: Total fees | | | | 44,443.75 · amount: 44443.75 · total: quote: Total Fees and Disbursements | | | | 44,708.28 · amount: 44708.28 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Add: Out-of-pocket expenses (Canada Post) | | | | 264.53 · amount: 264.53 · period: kind: invoice · label: For October, 2025 · quote: For October, 2025 · approval: state: unstated · averages: rate: 664.33 · quote: Average hourly rate | | | | 664.33 $ · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Third Report to Court of KSV Restructuring Inc. as Receiver of the Real Property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie · hours total: quote: Total hours | | | | 66.90 · value: 66.9 · context quote: Third Report to Court of KSV Restructuring Inc. as Receiver of the Real Property located at 175-199 Essa Road, Barrie and 50 Wood Street, Barrie; form: time_summary · rows: Matthew Ritchie; David Rosenblat; Carolin Jumaa; Francine Wagorn · money: fees: quote: Blended Rate (excluding expenses / disbursements and HST) $34,701.00 ÷ 37.9 hours = · amount: 34701 · approximate: false · period: end: 2025-11-05 · kind: invoice · label: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · quote: PERIOD OF OCTOBER 14, 2025 TO NOVEMBER 5, 2025 · start: 2025-10-14 · approval: state: unstated · averages: rate: 915.59 · quote: an average hourly rate of approximately $915.59 (exclusive of applicable taxes) · scope: exclusive of applicable taxes · currency: · invoices: tax: 3165.36 · date: 2025-11-04 · fees: 24308 · quote: 13096355 2 | November 4, 2025 | $24,308.00 | $40.90 | $3,165.36 | $27,514.26 · total: 27514.26 · disbursements: 40.9; tax: 1351.09 · date: 2025-11-26 · fees: 10393 · quote: 13101757 | November 26, 2025 | $10,393.00 | $0 | $1,351.09 | $11,744.09 · total: 11744.09 · disbursements: 0 · firm text: Osler, Hoskin & Harcourt LLP · firm quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER · hours total: quote: Total: | 37.9 · value: 37.9 · context quote: SUMMARY OF FEES AND DISBURSEMENTS OF OSLER, HOSKIN & HARCOURT LLP (AS COUNSEL TO THE RECEIVER) BY TIMEKEEPER
- recovery outcomeentries: basis: estimated · quote: Accordingly, the remaining funds will not be sufficient to repay the MarsahllZehr loan in full and there will be no distributions available for other stakeholders. · pct of: unstated · outcome: nil · stated by: receiver · class label: other stakeholders · interim final: unstated · claims qualifier: unstated · stated on: 2025-11-26 · table missing: