Ontario · CCAA
Fourth Report to the Court of MNP LTD dated
Court officer report · 7 April 2023
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What we verified from this filing5 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 603.24 · quote: The average hourly rate of Aird & Berlis LLP is $603.24. · currency: · invoices: date: 2023-03-24 · quote: an account dated March 24, 2023 in the amount of $42,283.47 in respect of the period from February 22, 2023 to March 23, 2023, · total: 42283.47 · period end: 2023-03-23 · period start: 2023-02-22 · firm text: Aird & Berlis LLP · firm quote: The average hourly rate of Aird & Berlis LLP is $603.24. · context quote: an account dated March 24, 2023 in the amount of $42,283.47 in respect of the period from February 22, 2023 to March 23, 2023,
- operational summarySpringer continued to operate its aircraft MRO business as a going concern while completing its SISP, culminating in a proposed share sale transaction (RVO/SPA) to a purchaser, with the Applicants seeking to be discharged from CCAA proceedings and remaining liabilities vested in a new Residual Co to be assigned into bankruptcy.
- professional feesnote: Excludes HST; disbursements of $4,366.13 during the period also excluded HST; A&B (Monitor's counsel) fees separately $148,264.00 excluding HST for November 18, 2022 to March 23, 2023; additional Fee Accrual up to discharge estimated not to exceed $75,000 plus taxes. · party: Monitor (MNP Ltd.) · amount: 275065.2 · period: October 22, 2022 to February 28, 2023 · currency: CAD
- report date7 April 2023
- report noFourth Report