Ontario · Receivership (court-appointed)
First Report of the Receiver dated July 14, 2021
Court officer report · 14 July 2021
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: HST · quote: $ 11,259.63 · amount: 11259.63 · fees: quote: Total 179.5 $ 86,612.50 · amount: 86612.5 · total: quote: $ 97,872.13 · amount: 97872.13 · includes tax: true · approximate: false · period: end: 2021-06-30 · kind: cumulative · label: the Period · quote: Summary of Receiver's Fees For the Period ending June 30, 2021 · approval: state: unstated · averages: rate: 482.52 · quote: The average hourly rate charged during the Period was $482.52. · currency: · invoices: tax: 5566.41 · date: 2021-06-14 · fees: 42818.5 · quote: 14-Jun-21 May 10, 2021 to May 31, 2021 81.2 $ 42,818.50 $ 5,566.41 $ 48,384.91 $ 527.32 · total: 48384.91 · period end: 2021-05-31 · period start: 2021-05-10 · disbursements: 527.32; tax: 5693.22 · date: 2021-07-06 · fees: 43794 · quote: 6-Jul-21 June 1, 2021 to June 30, 2021 98.3 43,794.00 5,693.22 49,487.22 445.51 · total: 49487.22 · period end: 2021-06-30 · period start: 2021-06-01 · disbursements: 445.51 · firm text: RSM Canada Limited · firm quote: RSM Canada Limited was appointed as receiver · hours total: quote: Total 179.5 · value: 179.5 · context quote: I am President of RSM Canada Limited ('RSM') · context unverified: true; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: · firm text: Chaitons LLP · firm quote: Chaitons LLP · context quote: The Receiver has retained the firm of Chaitons LLP ('Chaitons') to act as the Receiver's independent legal counsel. · context unverified: true
- recovery outcomeentries: basis: liquidation_alternative · quote: The Transaction provides the Agent with an opportunity to recover its loan, as the alternative recourse would be a liquidation of the Debtor's assets that would result in a significant shortfall to the Agent. · pct of: unstated · outcome: shortfall · class key: equity · stated by: receiver · class label: Agent · creditor name: Kensington Private Equity Fund · interim final: unstated · claims qualifier: unstated · table missing: