Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated February 23, 2026
Application / notice of application · 23 February 2026
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: total: quote: fees of $5,231.90 (inclusive of HST and disbursements) were charged by Spergel · amount: 5231.9 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2025-12-31 · kind: invoice · quote: In connection with the receivership of Balo for the period from May 1, 2025 to December 31, 2025 fees of $5,231.90 (inclusive of HST and disbursements) were charged by Spergel as detailed in the billing summary and time dockets attached hereto as Exhibit ' 1 ' to this my Affidavit. · start: 2025-05-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: msi Spergel Inc. · firm quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver of Ballo Carriers Inc. and 1000228842 Ontario Inc. (in such capacity, the ' Receiver '), will make a Motion to a Judge. · context quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver of Ballo Carriers Inc. and 1000228842 Ontario Inc. (in such capacity, the ' Receiver '), will make a Motion to a Judge.; form: prose · rows: · money: total: quote: fees of $5,103.08 (inclusive of HST and disbursements) were charged by Spergel · amount: 5103.08 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2025-12-31 · kind: invoice · quote: In connection with the receivership of 1002 for the period from May 1, 2025 to December 31, 2025 fees of $5,103.08 (inclusive of HST and disbursements) were charged by Spergel as detailed in the billing summary and time dockets attached hereto as Exhibit ' 2 ' to this my Affidavit. · start: 2025-05-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: msi Spergel Inc. · firm quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver of Ballo Carriers Inc. and 1000228842 Ontario Inc. (in such capacity, the ' Receiver '), will make a Motion to a Judge. · context quote: msi Spergel inc. (' Spergel ') in its capacity as Court-appointed receiver of Ballo Carriers Inc. and 1000228842 Ontario Inc. (in such capacity, the ' Receiver '), will make a Motion to a Judge.; form: prose · rows: · money: approximate: false · period: end: 2026-02-12 · kind: invoice · quote: for the period of January 6, 2026 to February 12, 2026 and an account statement detailing the services provided dated February 13, 2026 · start: 2026-01-06 · approval: state: unstated · averages: rate: 393.01 · quote: The weighted average hourly rate charged by professionals at Harrison Pensa LLP is $393.01. · scope: Harrison Pensa LLP · currency: · invoices: · firm text: Harrison Pensa LLP · firm quote: particulars of time spent by professionals at Harrison Pensa LLP in connection with this matter · context quote: Attached hereto and marked as Exhibit 'H' are particulars of time spent by professionals at Harrison Pensa LLP in connection with this matter for the period of January 6, 2026 to February 12, 2026 and an account statement detailing the services provided dated February 13, 2026.
- recovery outcomeentries: basis: estimated · quote: It is anticipated that the Bank will suffer a shortfall with respect to the Ballo debt and that 2412 will suffer a shortfall on its mortgage debt, and accordingly there will be no funds available for distribution to any other stakeholders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Toronto Dominion Bank (Ballo debt) · creditor name: Toronto Dominion Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that the Bank will suffer a shortfall with respect to the Ballo debt and that 2412 will suffer a shortfall on its mortgage debt, and accordingly there will be no funds available for distribution to any other stakeholders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 2412338 Ontario Inc. (mortgage debt) · creditor name: 2412338 Ontario Inc. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that the Bank will suffer a shortfall with respect to the Ballo debt and that 2412 will suffer a shortfall on its mortgage debt, and accordingly there will be no funds available for distribution to any other stakeholders. · pct of: unstated · outcome: nil · stated by: receiver · class label: other stakeholders · interim final: unstated · claims qualifier: unstated · table missing: