Ontario · Receivership (court-appointed)
Receiver’s Third Report to Court
Court officer report · 6 September 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: total: quote: The total of the Receiver's fees and out-of-pocket disbursements for the period of May 1, 2024 to August 31, 2024 is $32,513.49. · amount: 32513.49 · includes disbursements: true · approximate: false · period: end: 2024-08-31 · kind: interim · quote: The total of the Receiver's fees and out-of-pocket disbursements for the period of May 1, 2024 to August 31, 2024 is $32,513.49. · start: 2024-05-01 · approval: state: unstated · averages: rate: 417 · quote: The average hourly rate charged by the Receiver during this period is $417.00. · currency: · invoices: · firm text: Baigel Corp. · firm quote: Baigel Corp., in its capacity as Receiver of certain assets, undertakings, and properties of 2502511 Ontario Corp. and of 15599563 Canada Inc. · context quote: Lawyers for Baigel Corp., in its capacity as Receiver of certain assets, undertakings, and properties of 2502511 Ontario Corp. and of 15599563 Canada Inc.; form: prose · rows: · money: · period: end: 2024-07-05 · kind: invoice · quote: during the period from May 3, 2024 to July 5, 2024. · start: 2024-05-03 · approval: state: unstated · averages: · currency: · invoices: · firm text: WeirFoulds LLP · firm quote: WEIRFOULDS LLP · context quote: which accounts contain detailed descriptions of the services provided by WeirFoulds pursuant to the Receiver's instructions, during the period from May 3, 2024 to July 5, 2024.
- sale outcometext: The Agent has not yet completed its sale process to realize on the Equipment Assets seized, however, the Agent has advised the Receiver that the estimated net cash value to the Receiver may be approximately $25,000.00 after accounting for realization costs. · scope: liquidation · status: liquidation_in_progress