Ontario · Receivership (court-appointed)
Motion Record of the Receiver (for motion returnable September 18, 2026)
Application / notice of application · 18 September 2026
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: The Receiver's fees encompass 96.9 hours at an average hourly rate of $497.76 for a total of $48,232.50, plus disbursements and applicable taxes. · amount: 48232.5 · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 497.76 · quote: The average hourly rate billed by the Receiver during the Period is $497.76. · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: Lawyers for Albert Gelman Inc., in its capacity as Court-appointed Receiver of 2694272 Ontario Ltd. · hours total: quote: The Receiver's fees encompass 96.9 hours at an average hourly rate of $497.76 for a total of $48,232.50, plus disbursements and applicable taxes. · value: 96.9 · context quote: Lawyers for Albert Gelman Inc., in its capacity as Court-appointed Receiver of 2694272 Ontario Ltd.; form: prose · rows: · money: fees: quote: Miller Thomson's fees encompass 15.4 hours at an average hourly rate of $605.55, for total fees of $9,325.50, and accounts totaling $10,875.43, inclusive of disbursements and applicable taxes. · amount: 9325.5 · total: quote: in aggregate totaling $10,875.43 (inclusive of taxes) in respect of the period from July 24, 2026 to August 21, 2026 · amount: 10875.43 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2026-08-21 · kind: invoice · quote: in respect of the period from July 24, 2026 to August 21, 2026 · start: 2026-07-24 · approval: state: unstated · averages: rate: 605.55 · quote: Miller Thomson's fees encompass 15.4 hours at an average hourly rate of $605.55, for total fees of $9,325.50, and accounts totaling $10,875.43, inclusive of disbursements and applicable taxes. · currency: · invoices: · firm text: Miller Thomson LLP · firm quote: MILLER THOMSON LLP · hours total: quote: Miller Thomson's fees encompass 15.4 hours at an average hourly rate of $605.55, for total fees of $9,325.50, and accounts totaling $10,875.43, inclusive of disbursements and applicable taxes. · value: 15.4 · context quote: Lawyers for Albert Gelman Inc., in its capacity as Court-appointed Receiver of 2694272 Ontario Ltd.
- recovery outcomeentries: basis: estimated · quote: Caisse is projected to suffer a shortfall in the Transaction but is nonetheless supportive and feels that this is the best option for it in the circumstances. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Caisse (mortgagee) · creditor name: Caisse Desjardins Ontario Credit Union Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Caisse is the fulcrum creditor as the CRA will receive a full recovery on its anticipated deemed trust amount. · pct of: unstated · outcome: paid_in_full · class key: deemed_trust · stated by: receiver · class label: Canada Revenue Agency (deemed trust) · creditor name: Canada Revenue Agency · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given that Caisse will suffer a shortfall in respect of the Caisse Mortgages, there will be no distribution to any other secured or unsecured creditors of the Company. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other secured or unsecured creditors · interim final: unstated · conditional on: Given that Caisse will suffer a shortfall in respect of the Caisse Mortgages · claims qualifier: unstated; basis: unstated · quote: The Receiver notes that the Company's directors had previously executed the Original APS at the same Purchase Price, reflecting that they recognized that there would be no recovery to equity. · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: equity · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-09 · table missing: