Alberta · NOI
Second Report of the Receiver (March 15, 2022)
Court officer report · 15 March 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: GST · quote: 2,367.73 $ · amount: 2367.73 · fees: quote: 47,354.50 $ · amount: 47354.5 · total: quote: 49,722.23 $ · amount: 49722.23 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: - $ · amount: 0 · period: end: 2021-05-31 · kind: interim · label: First Interim Taxation Period · quote: for the period of time from April 1, 2021 to May 31, 2021 (the ' First Interim Taxation Period ') · start: 2021-04-01 · approval: quote: this Honourable Court granted an order approving the respective professional fees and disbursements of the Receiver and its independent legal counsel for the period of time from April 1, 2021 to May 31, 2021 (the ' First Interim Taxation Period '), pursuant to paragraph 19 of the Receivership Order. · state: approved · averages: · currency: code: CAD · quote: $CAD for the period from · invoices: tax: 1394.63 · fees: 27892.5 · quote: April 5, 2021 to April 30, 2021 | 27,892.50 | - | 27,892.50 | 1,394.63 | - | 29,287.13 · total: 29287.13 · period end: 2021-04-30 · period start: 2021-04-05 · disbursements: 0; tax: 973.1 · fees: 19462 · quote: May 1, 2021 to May 31, 2021 | 19,462.00 | - | 19,462.00 | 973.10 | - | 20,435.10 · total: 20435.1 · period end: 2021-05-31 · period start: 2021-05-01 · disbursements: 0 · firm text: Alvarez & Marsal Canada Inc. · firm quote: SECOND REPORT OF ALVAREZ & MARSAL CANADA INC., IN ITS CAPACITY AS RECEIVER · context quote: ALVAREZ & MARSAL CANADA INC., in its capacity as Receiver of Greenfire Hangingstone Operating Corporation and not in its personal or corporate capacity; form: invoice_listing · rows: · money: tax: label: GST · quote: 2,616.67 $ · amount: 2616.67 · fees: quote: 52,333.50 $ · amount: 52333.5 · total: quote: 55,602.69 $ · amount: 55602.69 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 110.00 $ · amount: 110 · period: end: 2021-05-31 · kind: interim · label: First Interim Taxation Period · quote: for the period of time from April 1, 2021 to May 31, 2021 (the ' First Interim Taxation Period ') · start: 2021-04-01 · approval: quote: this Honourable Court granted an order approving the respective professional fees and disbursements of the Receiver and its independent legal counsel for the period of time from April 1, 2021 to May 31, 2021 (the ' First Interim Taxation Period '), pursuant to paragraph 19 of the Receivership Order. · state: approved · averages: · currency: code: CAD · quote: $CAD for the period from · invoices: tax: 1854.12 · fees: 37082.5 · quote: 3014829 April 1, 2021 to April 30, 2021 | 37,082.50 | - | 37,082.50 | 1,854.12 | 512.87 | 39,449.49 · total: 39449.49 · period end: 2021-04-30 · period start: 2021-04-01 · disbursements: 0; tax: 762.55 · fees: 15251 · quote: 3014976 May 1, 2021 to May 31, 2021 | 15,251.00 | 110.00 | 15,361.00 | 762.55 | 29.65 | 16,153.20 · total: 16153.2 · period end: 2021-05-31 · period start: 2021-05-01 · disbursements: 110 · firm text: McMillan LLP · firm quote: McMillan LLP · context quote: approval of the Receiver's fees and disbursements and those of the Receiver's independent counsel, McMillan LLP (the ' Receiver's Counsel '); form: invoice_listing · rows: · money: tax: label: GST · quote: 2,462.82 $ · amount: 2462.82 · fees: quote: 47,856.00 $ · amount: 47856 · total: quote: 51,718.82 $ · amount: 51718.82 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 1,400.00 $ · amount: 1400 · period: end: 2022-02-28 · kind: final · label: Final Taxation Period · quote: for the period of time from June 1, 2021 to February 28, 2022 (the ' Final Taxation Period ') · start: 2021-06-01 · approval: quote: seeks approval from this Honourable Court of the respective professional fees and disbursements of the Receiver and its independent legal counsel for the period of time from June 1, 2021 to February 28, 2022 (the ' Final Taxation Period '), pursuant to paragraph 19 of the Receivership Order. · state: sought · averages: · currency: code: CAD · quote: $CAD for the period from · invoices: tax: 937.6 · fees: 18752 · quote: June 1, 2021 to June 30, 2021 | 18,752.00 | - | 18,752.00 | 937.60 | - | 19,689.60 · total: 19689.6 · period end: 2021-06-30 · period start: 2021-06-01 · disbursements: 0; tax: 220.53 · fees: 4360.5 · quote: July 1, 2021 to July 31, 2021 | 4,360.50 | 50.00 | 4,410.50 | 220.53 | - | 4,631.03 · total: 4631.03 · period end: 2021-07-31 · period start: 2021-07-01 · disbursements: 50; tax: 511.18 · fees: 10223.5 · quote: August 1, 2021 to August 31, 2021 | 10,223.50 | - | 10,223.50 | 511.18 | - | 10,734.68 · total: 10734.68 · period end: 2021-08-31 · period start: 2021-08-01 · disbursements: 0; tax: 134.05 · fees: 2681 · quote: September 1, 2021 to September 30, 2021 | 2,681.00 | - | 2,681.00 | 134.05 | - | 2,815.05 · total: 2815.05 · period end: 2021-09-30 · period start: 2021-09-01 · disbursements: 0; tax: 148.7 · fees: 2074 · quote: October 1, 2021 to October 31, 2021 | 2,074.00 | 900.00 | 2,974.00 | 148.70 | - | 3,122.70 · total: 3122.7 · period end: 2021-10-31 · period start: 2021-10-01 · disbursements: 900; tax: 302.8 · fees: 5606 · quote: November 1, 2021 to December 31, 2021 | 5,606.00 | 450.00 | 6,056.00 | 302.80 | - | 6,358.80 · total: 6358.8 · period end: 2021-12-31 · period start: 2021-11-01 · disbursements: 450; tax: 109.53 · fees: 2190.5 · quote: January 1, 2022 to January 31, 2022 | 2,190.50 | - | 2,190.50 | 109.53 | - | 2,300.03 · total: 2300.03 · period end: 2022-01-31 · period start: 2022-01-01 · disbursements: 0; tax: 98.43 · fees: 1968.5 · quote: February 1, 2022 to February 28, 2022 | 1,968.50 | - | 1,968.50 | 98.43 | - | 2,066.93 · total: 2066.93 · period end: 2022-02-28 · period start: 2022-02-01 · disbursements: 0 · firm text: Alvarez & Marsal Canada Inc. · firm quote: SECOND REPORT OF ALVAREZ & MARSAL CANADA INC., IN ITS CAPACITY AS RECEIVER · context quote: ALVAREZ & MARSAL CANADA INC., in its capacity as Receiver of Greenfire Hangingstone Operating Corporation and not in its personal or corporate capacity; form: invoice_listing · rows: · money: tax: label: GST · quote: 3,514.73 $ · amount: 3514.73 · fees: quote: 70,280.50 $ · amount: 70280.5 · total: quote: 73,891.23 $ · amount: 73891.23 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 96.00 $ · amount: 96 · period: end: 2022-02-28 · kind: final · label: Final Taxation Period · quote: for the period of time from June 1, 2021 to February 28, 2022 (the ' Final Taxation Period ') · start: 2021-06-01 · approval: quote: seeks approval from this Honourable Court of the respective professional fees and disbursements of the Receiver and its independent legal counsel for the period of time from June 1, 2021 to February 28, 2022 (the ' Final Taxation Period '), pursuant to paragraph 19 of the Receivership Order. · state: sought · averages: · currency: code: CAD · quote: $CAD for the period from · invoices: tax: 1870 · fees: 37400 · quote: June 1, 2021 to June 30, 2021 | 37,400.00 | - | 37,400.00 | 1,870.00 | - | 39,270.00 · total: 39270 · period end: 2021-06-30 · period start: 2021-06-01 · disbursements: 0; tax: 436.75 · fees: 8721 · quote: July 1, 2021 to July 31, 2021 | 8,721.00 | 14.00 | 8,735.00 | 436.75 | - | 9,171.75 · total: 9171.75 · period end: 2021-07-31 · period start: 2021-07-01 · disbursements: 14; tax: 599.43 · fees: 11988.5 · quote: August 1, 2021 to August 31, 2021 | 11,988.50 | 82.00 | 12,070.50 | 599.43 | - | 12,669.93 · total: 12669.93 · period end: 2021-08-31 · period start: 2021-08-01 · disbursements: 82; tax: 153.75 · fees: 3075 · quote: September 1, 2021 to September 30, 2021 | 3,075.00 | - | 3,075.00 | 153.75 | - | 3,228.75 · total: 3228.75 · period end: 2021-09-30 · period start: 2021-09-01 · disbursements: 0; tax: 53.2 · fees: 1064 · quote: October 1, 2021 to October 31, 2021 | 1,064.00 | - | 1,064.00 | 53.20 | - | 1,117.20 · total: 1117.2 · period end: 2021-10-31 · period start: 2021-10-01 · disbursements: 0; tax: 270.55 · fees: 5411 · quote: November 1, 2021 to November 30, 2021 | 5,411.00 | - | 5,411.00 | 270.55 | - | 5,681.55 · total: 5681.55 · period end: 2021-11-30 · period start: 2021-11-01 · disbursements: 0; tax: 39.3 · fees: 786 · quote: December 1, 2021 to December 31, 2021 | 786.00 | - | 786.00 | 39.30 | - | 825.30 · total: 825.3 · period end: 2021-12-31 · period start: 2021-12-01 · disbursements: 0; tax: 10.25 · fees: 205 · quote: January 1, 2022 to January 31, 2022 | 205.00 | - | 205.00 | 10.25 | - | 215.25 · total: 215.25 · period end: 2022-01-31 · period start: 2022-01-01 · disbursements: 0; tax: 81.5 · fees: 1630 · quote: February 1, 2022 to February 28, 2022 | 1,630.00 | - | 1,630.00 | 81.50 | - | 1,711.50 · total: 1711.5 · period end: 2022-02-28 · period start: 2022-02-01 · disbursements: 0 · firm text: McMillan LLP · firm quote: McMillan LLP · context quote: approval of the Receiver's fees and disbursements and those of the Receiver's independent counsel, McMillan LLP (the ' Receiver's Counsel ')
- recovery outcomeentries: basis: unstated · quote: | RBWB Secured Claim Distribution | - | 168,000 | - | 168,000 | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 168000 · amount high: 168000 · class label: RBWB Secured Claim · creditor name: RBWB · interim final: unstated · currency quote: $CAD · claims qualifier: unstated; basis: unstated · quote: | ATB Financial Secured Claim Distribution | 60,000 | - | - | 60,000 | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 60000 · amount high: 60000 · class label: ATB Financial Secured Claim · creditor name: ATB Financial · interim final: unstated · currency quote: $CAD · claims qualifier: unstated; basis: unstated · quote: | Apex Secured Claim Distribution | - | 39,262 | - | 39,262 | · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 39262 · amount high: 39262 · class label: Apex Secured Claim · creditor name: Apex · interim final: unstated · currency quote: $CAD · claims qualifier: unstated; basis: estimated · quote: The estimated remaining funds of $445,855 (before administrative costs of the OpCo LIT to administer and distribute on the proven unsecured claims) would result in a pro-rata distribution of approximately 5.0% of the filed unsecured claims, before consideration of the OSB levy payable in the proceedings. · pct of: unstated · outcome: distribution · pct low: 5 · currency: CAD · pct high: 5 · class key: unsecured · stated by: trustee · class label: unsecured claims · claims amount: 8847748 · interim final: unstated · conditional on: estimated remaining funds of $445,855 before administrative costs of the OpCo LIT to administer and distribute on the proven unsecured claims; subject to change as books and records quantified unsecured claims of approximately $11.5 million · currency quote: $CAD · claims qualifier: estimated · stated on: 2022-03-14 · table missing: