Ontario · CCAA
Motion Record of the Monitor returnable February 28, 2024
Application / notice of application · 28 February 2024
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 524.68 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $524.68 and $737.61, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc., in its capacity as monitor (the ' · context quote: KSV Restructuring Inc., in its capacity as monitor (the '; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 737.61 · quote: The average hourly rates for KSV and NRF for the referenced billing periods were $524.68 and $737.61, respectively. · scope: NRF · currency: · invoices: · firm text: Norton Rose Fulbright Canada LLP · firm quote: NORTON ROSE FULBRIGHT CANADA LLP · context quote: Lawyers for the Monitor
- recovery outcomeentries: basis: estimated · quote: The Monitor does not expect there will be funds available for distribution to unsecured creditors of VPC and/or ResidualCo. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors of VPC and/or ResidualCo · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: In other words, there would be no funds available for distribution to these creditors under any circumstance based on the economics of the Transaction and lack of viable alternatives, as outlined above. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: creditors of ResidualCo · interim final: unstated · claims qualifier: unstated · stated on: 2024-02-26 · table missing: