Ontario · Winding-up (provincial)
Liquidators Seventh Report to Court (for motion returnable January 27, 2025)
Court officer report · 27 January 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: Bryan Gelman; Joe Albert; Tom McElroy; Suzette Warner; Robert Bubnic; fees: 82459.5 · rate: 536.15 · hours: 153.8 · quote: 153.8 | 536.15 | 82,459.50 · row kind: subtotal · rate kind: average · name as stated: Total · money: fees: quote: The Liquidator's total fees are $ 82,459.50, its total hours spent is 153.8 and, therefore, its average hourly rate is calculated to be $536.15. · amount: 82459.5 · approximate: false · period: end: 2024-12-31 · kind: cumulative · quote: The Liquidator has prepared invoices in connection with its fees as follows: · start: 2024-02-07 · approval: quote: This Affidavit is made in support of a motion to approve the accounts of Albert Gelman Inc. and for no improper purpose. · state: sought · averages: rate: 536.15 · quote: its average hourly rate is calculated to be $536.15 · currency: · invoices: date: 2024-02-29 · fees: 9107.5 · quote: An account dated February 29, 2024 for the period from February 7 to 29, 2024 of $9,107.50, plus HST thereon · period end: 2024-02-29 · period start: 2024-02-07; date: 2024-03-31 · fees: 12499.5 · quote: An account dated March 31, 2024 for the period from March 1 to 31, 2024 of $12,499.50, plus HST thereon · period end: 2024-03-31 · period start: 2024-03-01; date: 2024-04-30 · fees: 17285 · quote: An account dated April 30, 2024 for the period from April 1 to 30, 2024 of $17,285.00, plus HST thereon · period end: 2024-04-30 · period start: 2024-04-01; date: 2024-07-31 · fees: 18522.5 · quote: An account dated July 31, 2024 for the period from May 1 to July 31, 2024 of $18,522.50, plus HST thereon · period end: 2024-07-31 · period start: 2024-05-01; date: 2024-08-31 · fees: 15488 · quote: An account dated August 31, 2024 for the period from August 1 to 31, 2024 of $15,488.00, plus HST thereon · period end: 2024-08-31 · period start: 2024-08-01; date: 2024-11-30 · fees: 4283.5 · quote: An account dated November 30, 2024 for the period from November 1 to 30, 2024 of $4,283.50, plus HST thereon · period end: 2024-11-30 · period start: 2024-11-01; date: 2024-12-31 · fees: 5273.5 · quote: An account dated December 31, 2024 for the period from December 1 to 31, 2024 of $5,273.50, plus HST thereon · period end: 2024-12-31 · period start: 2024-12-01 · firm text: Albert Gelman Inc. · firm quote: in its capacity as court-appointed Liquidator pursuant to the Business Corporations Act · hours total: quote: The Liquidator's total fees are $ 82,459.50, its total hours spent is 153.8 and, therefore, its average hourly rate is calculated to be $536.15. · value: 153.8 · context quote: I am a Licenced Insolvency Trustee and principal of Albert Gelman Inc. (' Liquidator '), Liquidator of each of 1827403 Ontario Inc., 1853997 Ontario Inc., 1885926 Ontario Inc., 1950940 Ontario Inc., 1950941 Ontario Inc.; form: invoice_listing · rows: · money: tax: label: HST · quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 2903.42 · fees: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 20266 · total: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 25251.58 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · amount: 2067.9 · period: end: 2024-12-31 · kind: cumulative · quote: Summary of Accounts of Reconstruct LLP (From February 1, 2024 to December 31, 2024) · start: 2024-02-01 · approval: state: unstated · averages: rate: 501.67 · quote: Blended Hourly Rate ($/hour) $501.67 · currency: · invoices: tax: 409.96 · date: 2024-02-12 · fees: 3153.5 · quote: Recon 495971 | February 12, 2024 | January 31, 2024 | 5.0 | $3,153.50 | $0 | $409.96 | $ 3,563.46 · total: 3563.46 · period end: 2024-01-31 · disbursements: 0; tax: 1717.42 · date: 2024-03-11 · fees: 11143 · quote: Recon 496055 | March 11, 2024 | February 28, 2024 | 21.7 | $11,143.00 | $2,067.90 | $1,717.42 | $ 14,928.32 · total: 14928.32 · period end: 2024-02-28 · disbursements: 2067.9; tax: 124.8 · date: 2024-04-14 · fees: 960 · quote: Recon 496175 | April 14, 2024 | March 31, 204 | 1.5 | $960.00 | $0 | $124.80 | $ 1,084.80 · total: 1084.8 · period end: 2024-03-31 · disbursements: 0; tax: 124.87 · date: 2024-05-13 · fees: 960.5 · quote: Recon 496242 | May 13, 2024 | April 30, 2024 | 1.8 | $960.50 | $0 | $124.87 | $1,085.37 · total: 1085.37 · period end: 2024-04-30 · disbursements: 0; tax: 216.32 · date: 2024-07-05 · fees: 1664 · quote: Recon 496408 | July 5, 2024 | June 30, 2024 | 2.6 | $1,664.00 | $0 | $216.32 | $1,880.32 · total: 1880.32 · period end: 2024-06-30 · disbursements: 0; tax: 99.84 · date: 2024-08-07 · fees: 768 · quote: Recon 496551 | August 7, 2024 | July 31, 2024 | 1.2 | $768.00 | $0 | $99.84 | $874.97 · total: 874.97 · period end: 2024-07-31 · disbursements: 0; tax: 99.84 · date: 2024-10-07 · fees: 768 · quote: Recon 496864 | October 7, 2024 | September 30, 2024 | 1.2 | $768.00 | $0 | $99.84 | $874.97 · total: 874.97 · period end: 2024-09-30 · disbursements: 0; tax: 110.37 · date: 2024-12-06 · fees: 849 · quote: Recon 497192 | December 6, 2024 | November 30, 2024 | 1.4 | $849.00 | $0 | $110.37 | $959.37 · total: 959.37 · period end: 2024-11-30 · disbursements: 0 · firm text: Reconstruct LLP · firm quote: Please make all amounts payable to: Reconstruct LLP · hours total: quote: Total | Total | Total | 36.4 | $20,266.00 | $2,067.90 | $2,903.42 | $25,251.58 · value: 36.4 · context quote: Summary of Accounts of Reconstruct LLP (From February 1, 2024 to December 31, 2024)
- recovery outcomeentries: basis: estimated · quote: | Estimated shortfall to 1827403 | Estimated shortfall to 1827403 | $ 619,698 | (2) | · pct of: unstated · outcome: shortfall · class key: equity · stated by: liquidator · class label: Steve McLaren - 1827403 · creditor name: Steve McLaren · interim final: unstated · claims qualifier: unstated · shortfall amount: 619698 · stated on: 2025-01-23 · table missing: