Alberta · Receivership (court-appointed)
Fifth Report of the Receiver (November 15, 2021)
Court officer report · 15 November 2021
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 5,851.21 $ · amount: 5851.21 · fees: quote: 115,570.00 $ · amount: 115570 · total: quote: 122,875.39 $ · amount: 122875.39 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 1,454.18 $ · amount: 1454.18 · period: end: 2021-10-31 · kind: invoice · quote: Summary of Receiver's Fees and Disbursements June 1, 2021 to October 31, 2021 · start: 2021-06-01 · approval: quote: Invoices Subject to Court Approval · state: sought · averages: · currency: · invoices: tax: 1696.75 · fees: 33935 · quote: LREIT - 22 | June 1, 2021 - June 30, 2021 | 33,935.00 | 0.00 | 33,935.00 | 1,696.75 | 35,631.75 · total: 35631.75 · period end: 2021-06-30 · period start: 2021-06-01 · disbursements: 0; tax: 685.88 · fees: 13717.5 · quote: LREIT - 23 | July 1, 2021 - July 31, 2021 | 13,717.50 | 0.00 | 13,717.50 | 685.88 | 14,403.38 · total: 14403.38 · period end: 2021-07-31 · period start: 2021-07-01 · disbursements: 0; tax: 1216.5 · fees: 24330 · quote: LREIT - 24 | August 1, 2021 - August 31, 2021 | 24,330.00 | 0.00 | 24,330.00 | 1,216.50 | 25,546.50 · total: 25546.5 · period end: 2021-08-31 · period start: 2021-08-01 · disbursements: 0; tax: 1270.37 · fees: 24017.5 · quote: LREIT - 25 | September 1, 2021 - September 30, 2021 | 24,017.50 | 1,389.87 | 25,407.37 | 1,270.37 | 26,677.74 · total: 26677.74 · period end: 2021-09-30 · period start: 2021-09-01 · disbursements: 1389.87; tax: 981.72 · fees: 19570 · quote: LREIT - 26 | October 1, 2021 - October 31, 2021 | 19,570.00 | 64.31 | 19,634.31 | 981.72 | 20,616.03 · total: 20616.03 · period end: 2021-10-31 · period start: 2021-10-01 · disbursements: 64.31 · firm text: Alvarez & Marsal Canada Inc. · firm quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity · context quote: ALVAREZ & MARSAL CANADA INC., in its capacity as the court-appointed Receiver of the LREIT Holdings 34 Corporation., and not in its personal or corporate capacity; form: invoice_listing · rows: · money: tax: label: GST · quote: 3,248.85 $ · amount: 3248.85 · fees: quote: 64,811.00 $ · amount: 64811 · total: quote: 68,306.60 $ · amount: 68306.6 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 246.75 $ · amount: 246.75 · period: end: 2021-10-31 · kind: invoice · quote: June 1, 2021 to October 31, 2021 Summary of the Receiver's counsel (BDP + Field) Fees and Disbursements · start: 2021-06-01 · approval: quote: Invoices subject to Court Approval · state: sought · averages: · currency: · invoices: tax: 913.62 · fees: 18236.5 · quote: 203461776 | June 1, 2021 - June 30, 2021 | 18,236.50 | 35.75 | 18,272.25 | 913.62 | 19,185.87 · total: 19185.87 · period end: 2021-06-30 · period start: 2021-06-01 · disbursements: 35.75; tax: 280.45 · fees: 5529 · quote: 203462757 | July 1, 2021 - July 31, 2021 | 5,529.00 | 161.00 | 5,690.00 | 280.45 | 5,970.45 · total: 5970.45 · period end: 2021-07-31 · period start: 2021-07-01 · disbursements: 161; tax: 215.83 · fees: 4316.5 · quote: 203463190 | August 1, 2021 - August 31, 2021 | 4,316.50 | 0.00 | 4,316.50 | 215.83 | 4,532.33 · total: 4532.33 · period end: 2021-08-31 · period start: 2021-08-01 · disbursements: 0; tax: 1116.75 · fees: 22335 · quote: 203463774 | September 1, 2021 - September 30, 2021 | 22,335.00 | 0.00 | 22,335.00 | 1,116.75 | 23,451.75 · total: 23451.75 · period end: 2021-09-30 · period start: 2021-09-01 · disbursements: 0; tax: 524.13 · fees: 10482.5 · quote: 203464696 | October 1, 2021 - October 31, 2021 | 10,482.50 | 0.00 | 10,482.50 | 524.13 | 11,006.63 · total: 11006.63 · period end: 2021-10-31 · period start: 2021-10-01 · disbursements: 0; tax: 198.08 · fees: 3911.5 · quote: 613982 | July 1, 2021 - September 30, 2021 | 3,911.50 | 50.00 | 3,961.50 | 198.08 | 4,159.58 · total: 4159.58 · period end: 2021-09-30 · period start: 2021-07-01 · disbursements: 50 · context quote: Summary of the Receiver's counsel (BDP + Field) Fees and Disbursements · firm unverified: true
- recovery outcomeentries: basis: estimated · quote: As noted, should this Proposed Second Interim Distribution be approved by this Court, the quantum of such a distribution would be insufficient to fully repay the total debt outstanding to CFCU and it is expected that CFCU will experience a material shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · cumulative: false · class label: Connect First Credit Union · claims amount: 26000000 · creditor name: Connect First Credit Union · interim final: interim · conditional on: in the event that this Honourable Court approves the Morrison APA and grants the SAVO · claims qualifier: estimated; basis: estimated · quote: There will be no recoveries to unsecured creditors or the shareholders of LREIT 34; less: · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: unsecured creditors or the shareholders of LREIT 34 · interim final: unstated · conditional on: in the event that this Honourable Court approves the Morrison APA and grants the SAVO · claims qualifier: unstated; basis: estimated · quote: There will be no recoveries to unsecured creditors or the shareholders of LREIT 34; less: · pct of: unstated · outcome: nil · class key: equity · stated by: receiver · class label: shareholders of LREIT 34 · interim final: unstated · conditional on: in the event that this Honourable Court approves the Morrison APA and grants the SAVO · claims qualifier: unstated · stated on: 2021-11-15 · table missing: