Ontario · Receivership (court-appointed)
Second Report of the Receiver dated November 6, 2025
Court officer report · 6 November 2025
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What we verified from this filing5 verified
- report date6 November 2025
- report noSecond Report
- operational summaryThe Receiver's activities since the First Report included corresponding with JLL regarding the Sale Process, reviewing offers, corresponding with Bousfields and Pinchin Ltd., corresponding with Trez and Reconstruct, discussing operational matters, corresponding with Socan regarding tenants/maintenance, reviewing Socan's monthly reporting, corresponding with the insurance broker, preparing an Interim Report under Subsection 246(2) of the BIA, and preparing this Second Report.
- professional feesreceiver fees: amount: 113448 · currency: CAD · reconstruct fees: amount: 50223 · currency: CAD
- fee scheduleengagements: form: time_summary · rows: · money: approximate: false · period: end: 2025-09-30 · kind: invoice · label: For the Period Ending September 30, 2025 · quote: For the Period Ending September 30, 2025 · approval: state: unstated · averages: rate: 516 · quote: The average hourly rate for the Receiver and Reconstruct for the referenced billing period was $516 and $563, respectively. · scope: the Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') was appointed receiver and manager (in such capacity, the ' Receiver ') · context quote: KSV Restructuring Inc. (' KSV ') was appointed receiver and manager (in such capacity, the ' Receiver '), without security; form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 516.26 · quote: The average hourly rate of the Receiver is $516.26. · scope: the Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. (' KSV ') was appointed receiver and manager (in such capacity, the ' Receiver ') · context quote: KSV Restructuring Inc. (' KSV ') was appointed receiver and manager (in such capacity, the ' Receiver '), without security; form: prose · rows: · money: tax: label: HST · quote: HST of $ 6,353.40 · amount: 6353.4 · fees: quote: $ 50,223.35 in professional fees · amount: 50223.35 · total: quote: the total amount being claimed for the work performed by RECON during the Billing Period is $ 56,576.75 (comprised of $ 50,223.35 in professional fees and HST of $ 6,353.40 ) · amount: 56576.75 · includes tax: true · includes disbursements: false · approximate: false · period: kind: cumulative · label: Billing Period · quote: the total amount being claimed for the work performed by RECON during the Billing Period is $ 56,576.75 · start: 2025-02-27 · approval: state: unstated · averages: rate: 563 · quote: RECON incurred a total of 85.4 hours at an average hourly rate of $563 (exclusive of applicable taxes). · scope: RECON · currency: · invoices: · firm text: Reconstruct · firm quote: RECON has prepared statements of account (the ' Accounts ') in connection with its mandate detailing its fees and disbursements incurred for the period of February 27, 2025 to · hours total: quote: RECON incurred a total of 85.4 hours at an average hourly rate of $563 (exclusive of applicable taxes). · value: 85.4 · context quote: RECON has prepared statements of account (the ' Accounts ') in connection with its mandate detailing its fees and disbursements incurred for the period of February 27, 2025 to