Ontario · Receivership (court-appointed)
Motion Record dated June 19, 2026
Application / notice of application · 19 June 2026
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 440.02 · quote: The average hourly rate billed by the Receiver during the period is $440.02. · currency: · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. (' KPMG ') in its capacity as a Court-appointed receiver (the " Receiver ") · context quote: in its capacity as a Court-appointed receiver (the " Receiver ") of the undertaking, property and assets of 12870428 Canada Inc.
- recovery outcomeentries: basis: estimated · quote: The Receiver intends to make an interim distribution to the Lender in the amount of $357,000 (the ' Interim Distribution '), as detailed below : · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 357000 · cumulative: false · amount high: 357000 · class label: RBC · creditor name: Royal Bank of Canada · interim final: interim · currency quote: ($CAD) · claims qualifier: unstated; basis: estimated · quote: The Receiver estimates that total recoveries from the assets, property, and undertakings of the Debtor will be insufficient to retire the RBC Indebtedness, with the result that there will be no recovery available to the Debtors' other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Debtors' other creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: (c) Final Distribution, if any, to Royal Bank of Canada, provided the aggregate distributions to RBC do not exceed the indebtedness owed to RBC by the Debtors. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: Royal Bank of Canada (Final Distribution) · creditor name: Royal Bank of Canada · interim final: final · conditional on: provided the aggregate distributions to RBC do not exceed the indebtedness owed to RBC by the Debtors · claims qualifier: unstated · stated on: 2026-06-18 · table missing: