Ontario · NOI
Motion Record of the Proposal Trustee dated September 3, 2025
Application / notice of application · 3 September 2025
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 528 · quote: The average hourly rates for the Proposal Trustee and Paliare for the referenced billing periods are $528 and $660, respectively.; rate: 527 · quote: The average hourly rates for the Proposal Trustee and Paliare for the referenced billing periods are $527 and $782, respectively.; rate: 527.59 · quote: The average hourly rate of the Proposal Trustee is $ 527.59 .; rate: 527.05 · quote: The average hourly rate of the Proposal Trustee is $ 527.05 . · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. , in its capacity as the proposal trustee (the ' Proposal Trustee ') · context quote: KSV Restructuring Inc. , in its capacity as the proposal trustee (the ' Proposal Trustee ') of 250243 Ontario Limited (the ' Company '); form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 660 · quote: The average hourly rates for the Proposal Trustee and Paliare for the referenced billing periods are $528 and $660, respectively.; rate: 782 · quote: The average hourly rates for the Proposal Trustee and Paliare for the referenced billing periods are $527 and $782, respectively.; rate: 782.25 · quote: Paliare Roland's average hourly rate for the time in relation to the employee claims process was $782.25 · scope: the time in relation to the employee claims process; rate: 659.57 · quote: its average hourly rate in relation to all other matters was $659.57 · scope: all other matters · currency: · invoices: · firm text: Paliare Roland Rosenberg Rothstein LLP · firm quote: Paliare Roland Rosenberg Rothstein LLP · context quote: Lawyers for the Proposal Trustee
- recovery outcomeentries: basis: actual · quote: Attached as Appendix 'G' is a schedule summarizing the Admitted Claims and the distributions made to date in the amount of approximately $5 million, representing a recovery of approximately 50% of the Admitted Claims. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: proposal_trustee · amount low: 5000000 · cumulative: true · amount high: 5000000 · class label: Unsecured Creditors (Admitted Claims) · claims amount: 10000000 · interim final: unstated · claims qualifier: listed; basis: plan · quote: If approved, the Company's creditors will recover just under 55%, which exceeds the estimate of 44% when the Proposal was approved. · pct of: unstated · outcome: distribution · pct low: 55 · pct high: 55 · class key: unsecured · stated by: proposal_trustee · class label: Company's creditors (Final Distribution) · interim final: unstated · conditional on: If approved · claims qualifier: unstated; basis: actual · quote: The distributions resulted in the Former Employees receiving 99.94% of their Claims; · pct of: unstated · outcome: distribution · pct low: 99.94 · pct high: 99.94 · stated by: proposal_trustee · class label: Former Employees · interim final: unstated · claims qualifier: unstated · stated on: 2025-08-13 · table missing: