Ontario · Receivership (court-appointed)
Third Report of Richter Advisory Group Inc. – dated November 25, 2016
Court officer report · 25 November 2016
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2016-11-18 · kind: interim · label: the Period · quote: For the Period from August 16,2016 to November 18,2016 · start: 2016-08-16 · approval: state: unstated · averages: rate: 405.19 · quote: The average hourly rate billed by the Receiver during the Period is $405.19. · scope: Receiver · currency: · invoices: · firm text: Richter Advisory Group Inc. · firm quote: THIRD REPORT OF RICHTER ADVISORY GROUP INC., IN ITS CAPACITY AS RECEIVER OF J.S.N. JEWELLERY INC., J.S.N. JEWELLERY UK LIMITED, GMJ CORP., 2373138 ONTARIO INC., ALWAYS & FOREVER FAMILY COLLECTION INCORPORATED, AND P.M.R. INC. · context quote: IN ITS CAPACITY AS RECEIVER OF J.S.N. JEWELLERY INC., J.S.N. JEWELLERY UK LIMITED, GMJ CORP., 2373138 ONTARIO INC., ALWAYS & FOREVER FAMILY COLLECTION INCORPORATED, AND P.M.R. INC.; form: time_summary · rows: · money: approximate: false · period: end: 2016-10-31 · kind: invoice · quote: in respect of services rendered to the Receiver for the period from July 8, 2016 through October 31, 2016 · start: 2016-07-08 · approval: state: unstated · averages: · currency: · invoices: · firm text: Fasken · firm quote: true copies of the Statements of Account of Fasken · hours total: quote: 366.60 hours were incurred by Fasken, for the period from July 8, 2016 through October 31, 2016 · value: 366.6 · context quote: Attached hereto as Exhibit "A" are true copies of the Statements of Account of Fasken, redacted for privilege, in respect of services rendered to the Receiver for the period from July 8, 2016 through October 31, 2016.
- recovery outcomeentries: basis: actual · quote: As per the terms of the Distribution and Auction Order, the Receiver made a $7,100,000 interim distribution to Salus; · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 7100000 · cumulative: false · amount high: 7100000 · class label: Salus Capital Partners, LLC (Lender) · creditor name: Salus Capital Partners, LLC · interim final: interim · currency quote: As per the terms of the Distribution and Auction Order, the Receiver made a $7,100,000 interim distribution to Salus · claims qualifier: unstated; basis: unstated · quote: Authorizing and directing the Receiver to make an interim distribution in the amount of $400,000 USD and $4,300,000 to Salus Capital Partners, LLC as lender and agent for other lenders ("Salus" or the "Lender") in respect of its secured claim against the Property; · pct of: unstated · outcome: distribution · currency: USD · class key: secured · stated by: receiver · amount low: 400000 · cumulative: false · amount high: 4300000 · class label: Salus Capital Partners, LLC as lender and agent for other lenders · creditor name: Salus Capital Partners, LLC · interim final: interim · currency quote: $400,000 USD · claims qualifier: unstated · stated on: 2016-11-25 · table missing: