Ontario · NOI
Second Report of the Proposal Trustee
Court officer report · 23 July 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- operational summaryThe Company continued operating during the NOI proceedings while the Proposal Trustee ran a marketing and sale process, receiving no competing bids by the deadline, and recommends completing the stalking horse transaction; actual cash collections and disbursements to July 13, 2018 were better than forecasted.
- professional feesnote: Inclusive of HST. Proposal Trustee's legal counsel fees for the period to July 19, 2018 totaled $39,488.07 (inclusive of HST); Company's legal counsel fees for the period to July 20, 2018 totaled $14,775.82 (inclusive of HST); an additional collective Fee Accrual of $20,000.00 (excluding disbursements and HST) is estimated to completion of the NOI Proceedings. · party: Proposal Trustee (A. Farber & Partners Inc.) · amount: 59172.18 · period: to July 13, 2018 · currency: CAD
- report date23 July 2018
- report noSecond Report