Ontario · Receivership (court-appointed)
Fifth Report of the Receiver and Manager of 2735447 Ontario Inc., dated November 9, 2023
Court officer report · 9 November 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 494 · quote: Reconstruct incurred a total of 1,062.6 hours at an average hourly rate of $494.00 (exclusive of applicable taxes). · currency: · invoices: · hours total: quote: Reconstruct incurred a total of 1,062.6 hours at an average hourly rate of $494.00 (exclusive of applicable taxes). · value: 1062.6 · context quote: Reconstruct incurred a total of 1,062.6 hours at an average hourly rate of $494.00 (exclusive of applicable taxes). · firm unverified: true
- recovery outcomeentries: basis: actual · quote: As indicated above, TCC was repaid in full on September 7, 2023. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: TCC · creditor name: Toronto Capital Corp. (TCC) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver repaid the Receiver's Borrowing Charge in full on October 3, 2023. · pct of: unstated · outcome: paid_in_full · class key: court_charges · stated by: receiver · class label: Receiver's Borrowing Charge · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: 273, for advances it made under the Receiver's borrowing certificate, may begin to suffer a shortfall beginning in January 2024; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: 273 (Receiver's borrowing certificate advances) · creditor name: 2735440 Ontario Inc. (273) · interim final: unstated · conditional on: due to the principal and interest on the TCC Mortgage beginning to overtake the cash proceeds available from the Ora Transaction · claims qualifier: unstated; basis: estimated · quote: the Receiver and its counsel will begin to suffer a shortfall for professional and legal fees as early as March 2024, · pct of: unstated · outcome: shortfall · class key: court_charges · stated by: receiver · class label: Receiver and its counsel (professional and legal fees) · interim final: unstated · conditional on: due to the principal and interest on the TCC Mortgage beginning to overtake the cash proceeds available from the Ora Transaction · claims qualifier: unstated · stated on: 2023-11-09 · table missing: