Ontario · CCAA
Motion Record of the Monitor returnable February 25, 2021 - Volume 1 of 3
Application / notice of application · 18 February 2021
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: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 577.85 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $577.85 and $511.70, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Counsel to KSV Restructuring Inc., solely in its capacity as Court-appointed monitor and proposal trustee and not in its personal capacity · context quote: Counsel to KSV Restructuring Inc., solely in its capacity as Court-appointed monitor and proposal trustee and not in its personal capacity; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 511.7 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $577.85 and $511.70, respectively. · scope: Bennett Jones · currency: · invoices: · firm text: Bennett Jones LLP · firm quote: BENNETT JONES LLP · context quote: BENNETT JONES LLP
- recovery outcomeentries: basis: unstated · quote: The Proposed Distribution will be in the amount of approximately $6,500 which reflects 50% of the 259 Secured Claim, consistent with prior distributions made to creditors with secured claims against Mr. Wang. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: monitor · amount low: 6500 · amount high: 6500 · class label: 259 Inc. (secured claim against Mr. Wang) · creditor name: 2592898 Ontario Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As reflected in the table above, as at the date of this Report, the Monitor has distributed from the Surplus: (a) the full amount owing to 2557725 Ontario Inc.; and (b) approximately $4.4 million, representing 50% of the amounts owing to the other secured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: 2557725 Ontario Inc. · creditor name: 2557725 Ontario Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As reflected in the table above, as at the date of this Report, the Monitor has distributed from the Surplus: (a) the full amount owing to 2557725 Ontario Inc.; and (b) approximately $4.4 million, representing 50% of the amounts owing to the other secured creditors. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: monitor · amount low: 4400000 · amount high: 4400000 · class label: other secured creditors with claims against Mr. Wang · interim final: unstated · claims qualifier: unstated · table missing: