Ontario · Receivership (court-appointed)
Supplement to the Third Report of the Receiver dated December 29, 2023
Court officer report · 29 December 2023
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What we verified from this filing7 verified
- professional feesnote: Chaitons LLP (Receiver's counsel) total fees estimated at $162,996.57 (incl. HST); Loopstra Nixon LLP fees for the security opinion estimated at $5,650.00 (incl. HST) · party: Receiver (RSM Canada Limited) · amount: 162173.84 · period: February 28, 2023 through October 31, 2023, and estimated to complete the administration · currency: CAD
- purchaserMarshallZehr Capital Partners Inc.
- recovery outcomeentries: basis: estimated · quote: As at December 12, 2023, there would be a shortfall of $1,619,075.41 to MarshallZehr, before payment of any priority payables which would serve to further increase the shortfall to MarshallZehr. · pct of: unstated · outcome: shortfall · currency: CAD · class key: secured · stated by: receiver · class label: MarshallZehr (senior secured lender) · claims amount: 26119075.41 · creditor name: MarshallZehr · interim final: unstated · conditional on: before payment of any priority payables which would serve to further increase the shortfall to MarshallZehr · currency quote: expressed in Canadian Dollars · claims qualifier: unstated · shortfall amount: 1619075.41 · stated on: 2023-12-29 · table missing:
- report date29 December 2023
- report noSupplement to the Third Report of the Receiver
- sale advisorAvison Young
- sale outcometext: Receiver sought approval of the sale to the MZ Purchaser, opposed by the Ali Affidavit · scope: parcel · status: pending_approval