Ontario · Receivership (court-appointed)
First Report of the Receiver (for motion returnable November 23, 2023)
Court officer report · 23 November 2023
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What we verified from this filing5 verified
- fee scheduleengagements: form: invoice_listing · rows: Wendy; Blair Mestel · money: fees: quote: for total fees of $29,298.50 · amount: 29298.5 · total: quote: accounts totalling $33,605.01 inclusive of disbursements and applicable taxes · amount: 33605.01 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2023-10-07 · kind: cumulative · quote: SUMMARY OF ACCOUNTS OF GARFINKLE BIDERMAN LLP (From June 29, 2023 to October 7, 2023) · start: 2023-06-29 · approval: quote: approving the fees and disbursements of the Receiver and its legal counsel, Garfinkle Biderman LLP · state: sought · averages: rate: 674 · quote: at an average hourly rate of approximately $674; rate: 635 · quote: Blended Hourly Rate ($/per hour) - $635.00 · currency: · invoices: tax: 2391.32 · date: 2023-06-29 · fees: 164.69 · quote: INV01- 11776 | June 29, 2023 | August 18, 2023 | 27 hrs. | $ 164.69 | 2,391.32 | $ 20,781.01 · total: 20781.01 · period end: 2023-08-18; tax: 1475.58 · date: 2023-09-18 · fees: 275.02 · quote: INV01- 12165 | September 18, 2023 | October 7, 2023 | 16.50 | $ 275.02 | $ 1,475.58 | $ 12,824.10 · total: 12824.1 · period end: 2023-10-07 · firm text: Garfinkle Biderman LLP · firm quote: Garfinkle Biderman LLP · hours total: quote: Garfinkle Biderman fees encompass 43.5 hours · value: 43.5 · context quote: the Receiver and its legal counsel, Garfinkle Biderman LLP; form: prose · rows: · money: fees: quote: for a total of $67,358.50 and applicable taxes · amount: 67358.5 · approximate: false · period: · approval: quote: approving the fees and disbursements of the Receiver and its legal counsel · state: sought · averages: rate: 411 · quote: at an average hourly rate of approximately $411 · currency: · invoices: · firm text: AGI · firm quote: AGI · hours total: quote: 163.8 hours at an average hourly rate of approximately $411 · value: 163.8 · context quote: This first First Report AGI , in its capacity as receiver
- purchaserprice: note: Offer accepted; conditional on financing and due diligence · sealed: false · currency: CAD · scope: Walnut Property · status: proposed · name note: buyer under accepted Offer for Walnut Property, unnamed · structure: real_property · name source: recital · relationship: unstated · agreement date: 2023-09-26
- recovery outcomeentries: basis: estimated · quote: 34. As set out above, it is likely that TD Bank will suffer a material shortfall in respect of its claim against the Companies. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: TD Bank · creditor name: The Toronto-Dominion Bank · interim final: unstated · claims qualifier: unstated · stated on: 2023-10-10 · table missing:
- sale advisorLennard Commercial Realty Brokerage
- sale outcometext: Walnut Property publicly listed and an offer accepted, subject to conditions · scope: parcel · status: pending_approval