Ontario · Receivership (court-appointed)
Sixth Report of the Receiver
Court officer report · 23 July 2019
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2019-06-30 · kind: interim · quote: approving the Receiver's fees and disbursements for the period February 1, 2019 to June 30, 2019 · start: 2019-02-01 · approval: quote: approving the Receiver's fees and disbursements for the period February 1, 2019 to June 30, 2019 · state: sought · averages: rate: 545.38 · quote: Total hours incurred during the aforementioned period were 153.0 hours resulting in an average hourly rate of $545.38. · currency: · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: Alvarez & Marsal Canada Inc. (' A&M ') · hours total: quote: Total hours incurred during the aforementioned period were 153.0 hours resulting in an average hourly rate of $545.38. · value: 153 · context quote: in its capacity as Court-appointed Receiver (the ' Receiver '); form: prose · rows: · money: approximate: false · period: end: 2019-06-30 · kind: interim · quote: approving the Receiver's fees and disbursements for the period February 1, 2019 to June 30, 2019 · start: 2019-02-01 · approval: quote: approving the Receiver's fees and disbursements for the period February 1, 2019 to June 30, 2019 · state: sought · averages: rate: 457.91 · quote: The average hourly rate of Aird & Berlis LLP is $457.91. · currency: · invoices: date: 2019-06-26 · quote: an account dated June 26, 2019 in the amount of $24,429.48 in respect of the period from June 3, 2019 to June 24, 2019 · total: 24429.48 · period end: 2019-06-24 · period start: 2019-06-03 · firm text: Aird & Berlis LLP · firm quote: its counsel Aird & Berlis LLP (' A&B ') · context quote: approving the Receiver's fees and disbursements for the period February 1, 2019 to June 30, 2019, and those of its counsel Aird & Berlis LLP (' A&B ')
- recovery outcomeentries: basis: estimated · quote: As set out in the Proposed Distribution, the Constructive Trust Claimants and the Secured Creditors will receive an estimated distribution of 23.7% of their individual Claim value. · pct of: unstated · outcome: distribution · pct low: 23.7 · pct high: 23.7 · class key: secured · stated by: receiver · class label: Constructive Trust Claimants and Secured Creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: There will be no funds available for unsecured claimants from the traceable assets. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured claimants · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Under a scenario where the Constructive Trust Claimants were successful in demonstrating their priority claim over the Secured Creditors, the estimated distribution for the Constructive Trust Claimants would increase to 24.9% of their proven Claim value. · pct of: proven_claims · outcome: distribution · pct low: 24.9 · pct high: 24.9 · class key: secured · stated by: receiver · class label: Constructive Trust Claimants (if successful demonstrating priority over Secured Creditors) · interim final: unstated · conditional on: Constructive Trust Claimants successful in demonstrating priority claim over the Secured Creditors · claims qualifier: unstated · stated on: 2019-07-23 · table missing: