Ontario · Receivership (court-appointed)
Motion Record of the Receiver AlixPartners dated July 7, 2026 - Part 1 of 2
Application / notice of application · 7 July 2026
Also filed as: Motion Record of the Receiver AlixPartners dated July 7, 2026 - Part 1 of 2
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 607.9 · quote: The average hourly rate for the Receiver and Blaney for the referenced billing period was $607.90 and $732.85, respectively. · scope: the Receiver · currency: · invoices: · firm text: AlixPartners Restructuring, Inc. · firm quote: Lawyers for AlixPartners Restructuring, Inc. in its capacity as Court-appointed Receiver · context quote: Lawyers for AlixPartners Restructuring, Inc. in its capacity as Court-appointed Receiver; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 732.85 · quote: The average hourly rate for the Receiver and Blaney for the referenced billing period was $607.90 and $732.85, respectively. · scope: Blaney · currency: · invoices: · firm text: Blaney McMurtry LLP · firm quote: BLANEY McMURTRY LLP · context quote: BLANEY McMURTRY LLP
- recovery outcomeentries: basis: estimated · quote: As the cash on hand in the receivership estate plus the cash proceeds of the Transaction and the Lenders' Mortgage are less than the CMLS Indebtedness, CMLS will incur a shortfall, and is therefore the only stakeholder with an economic interest in such funds. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CMLS Financial Ltd. · creditor name: CMLS Financial Ltd. · interim final: unstated · table missing: · claims qualifier: unstated; basis: estimated · quote: Accordingly, it is not expected that there will be any proceeds available from the Transaction for unsecured creditors of AUDI arising in the Receivership Proceedings; however, as the Unencumbered Units are unencumbered, the portion of the purchase price under the CLV APS allocated to the Unencumbered Units (the ' Unencumbered Units Allocation ') will be available for · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors of AUDI arising in the Receivership Proceedings · interim final: unstated · table missing: · conditional on: assumes Unencumbered Units Allocation instead available to creditors with proven claims in a bankruptcy · claims qualifier: unstated · stated on: 2026-07-07 · table missing: