Ontario · Receivership (court-appointed)
Final Report of the Trustee dated January 14, 2011
Court officer report · 14 January 2011
A plain-language read of this filing opens with a subscription.
What we verified from this filing10 verified · 1 withheld
- cash on handnote: Represents the residual balance in the Receiver's consolidated estate account, to be remitted to the Superintendent of Bankruptcy if unused. · amount: 2500 · currency: CAD · qualifier: retained to fund professional fees in India in the context of the possible tax refund
- closing confirmedscope: fractional interests in various petroleum and natural gas properties in Canada · outcome: completed · purchaser: Deep Creek Oil & Gas Inc. · date basis: unstated · approval order date: 2007-09-19; scope: One petroleum and natural gas property in British Columbia · outcome: completed · purchaser: Siiverwing Energy Inc. · date basis: unstated · approval order date: 2007-09-19; scope: rz.3 million shares of KGPL · outcome: completed · purchaser: Oakwell · date basis: unstated · approval order date: 2007-12-27; scope: 96,9g0 common shares of Hassan Thermal Power Private Limited · outcome: completed · purchaser: James Cassina · date basis: unstated · approval order date: 2010-08-27
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: GST | 391.70 · amount: 391.7 · fees: quote: Total billed perattached time summary | $ 7,715.00 · amount: 7715 · approximate: false · disbursements: quote: Disbursemenß | 119.00 · amount: 119 · period: end: 2009-08-31 · kind: invoice · label: the four-month period from May 1, 2009 to August 31, 2009 · quote: For professional services rendered for the four-month period from May 1, 2009 to August 31, 2009, in our capacity as interim receiver and receiver and manager ("Receiver") of the Company and Trustee in bankruptcy of EnerNorth, including the following: · start: 2009-05-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: RSM Richter Inc. · firm quote: RSM Richter lnc. · context quote: in our capacity as interim receiver and receiver and manager ("Receiver") of the Company and Trustee in bankruptcy of EnerNorth; form: time_summary · rows: Peter Farkas; Mitch Vininsky; Lana Bezner; Simon Thean; fees: 7715 · hours: 16.7 · quote: Total | | | 16.70 | 7,715.00 · row kind: subtotal · rate kind: standard · name as stated: Total · money: fees: quote: Total | | | 16.70 | 7,715.00 · amount: 7715 · approximate: false · period: end: 2009-08-31 · kind: invoice · label: For the Period May 1, 2009 to August 31, 2009 · quote: For the Period May l, 2009 to August 31, 2009 · start: 2009-05-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: RSM Richter Inc. · firm quote: RSM Richter lnc. · hours total: quote: Total | | | 16.70 | 7,715.00 · value: 16.7 · context quote: in our capacity as interim receiver and receiver and manager ("Receiver") of the Company and Trustee in bankruptcy of EnerNorth; form: invoice_listing · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: · currency: · invoices: date: 2007-09-30 · fees: 55907.5 · quote: September go,2oo7 | 55,907.50; date: 2007-10-31 · fees: 4523.5 · quote: October gL,2oo7 | 4,523.50; date: 2007-11-30 · fees: 13052 · quote: November go,2oe7 | 13,O52.OO; date: 2008-01-31 · fees: 3550 · quote: January 3r, zoo8 | 3,550.OO; date: 2008-03-31 · fees: 8560 · quote: March 3r, zooS | 8,56o.oo; date: 2008-06-30 · fees: 2595 · quote: Jl.rne 3o, zooS | 2,595.OO; date: 2009-04-30 · fees: 4900 · quote: April3o, eoog | 4,9OO.OO; date: 2009-06-30 · fees: 9945 · quote: June 3o, zoog | 9,945'oo; date: 2009-09-30 · fees: 2185 · quote: September 30, 2oo9 | z,t85.oo; date: 2010-03-31 · fees: 3680 · quote: March 31, 2o1o | 3,68o.oo; date: 2010-05-31 · fees: 1287.5 · quote: May 3t, zoro | t,287.5o; date: 2010-06-30 · fees: 4995.5 · quote: June 30, eoto | 4,995.50 · firm text: Chaitons LLP · firm quote: Summary of Accounts of Chaitons LLP · context quote: Summary of Accounts of Chaitons LLP
- operational summaryThe estates of EnerNorth and its subsidiaries are essentially fully wound down, with all major assets realized and an interim dividend already paid; only a few uncertain residual items (an India security deposit and possible tax refunds) remain outstanding before final discharge.
- process resultsbids: 2 · note: Hassan sale process bid count · as of: 2010-05-25
- purchaserDeep Creek Oil & Gas Inc.; Siiverwing Energy Inc.; Oakwell; James Cassina
- recovery outcomeentries: basis: unstated · quote: Preferred creditors wouid be paid in full prior to payment of unsecured creditors; a · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: proposal_trustee · class label: Preferred creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Based on the claims filed in the bankruptcy, the dividend rate was expected to be in the range of $o.Zo to $o.24 per dollar of unsecured claims. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 24 · class key: unsecured · stated by: proposal_trustee · class label: unsecured claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: An interim distribution of $r,8oo,ooo was paid to EnerNorth's creditors on October rg,2oro · pct of: unstated · outcome: distribution · stated by: proposal_trustee · amount low: 1800000 · cumulative: false · amount high: 1800000 · class label: creditors · interim final: interim · claims qualifier: unstated; basis: actual · quote: In total, creditors will receive $.736 per dollar of unsecured claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: proposal_trustee · cumulative: true · class label: unsecured claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Total dividend rate to unsecured creditors was 73% (Notes 10 and 11) · pct of: unstated · outcome: distribution · pct low: 73 · pct high: 73 · class key: unsecured · stated by: trustee · cumulative: true · class label: Unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2011-01-14 · table missing:
- report date14 January 2011
- report noFinal Report
- sale outcometext: Multiple asset realizations completed through court-authorized sale processes · scope: liquidation · status: closed
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.