Ontario · Winding-up (WURA)
Liquidator's report - 2014.06.19
Court officer report · 19 June 2014
What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: Gale Rubenstein; Graham Smith; Cathy Costa; Fanny Paquette; rate: 576 · hours: 35 · quote: Individuals with less than 30 hours | 35.0 | $576 · row kind: bucket · rate kind: average · name as stated: Individuals with less than 30 hours; rate: 576 · hours: 352.8 · quote: 352.8 | $576 · row kind: subtotal · rate kind: average · money: approximate: false · period: end: 2014-03-31 · kind: invoice · label: THE PERIOD APRIL 1, 2011 TO MARCH 31, 2014 · quote: LISTING OF GOODMANS LLP PERSONNEL HOURS AND AVERAGE HOURLY RATES FOR THE PERIOD APRIL 1, 2011 TO MARCH 31, 2014 · start: 2011-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Goodmans LLP · firm quote: GOODMANS LLP · context quote: Goodmans LLP; form: invoice_listing · rows: E. Murphy; J. Bradley; F. Jin; A. Rzhevsky; rate: 498 · hours: 139.15 · quote: Individuals with less than 30 hours | 139.15 | $498 · row kind: bucket · rate kind: average · name as stated: Individuals with less than 30 hours; rate: 623 · hours: 1402.65 · quote: 1,402.65 | $623 · row kind: subtotal · rate kind: average · money: approximate: false · period: end: 2014-03-31 · kind: invoice · label: THIRTY-SIX MONTH PERIOD FROM APRIL 1, 2011 TO MARCH 31, 2014 · quote: LISTING OF KPMG INC. PERSONNEL HOURS AND AVERAGE HOURLY RATE THIRTY-SIX MONTH PERIOD FROM APRIL 1, 2011 TO MARCH 31, 2014 · start: 2011-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KPMG Inc. · firm quote: REPORT OF KPMG INC., THE LIQUIDATOR OF RELIANCE INSURANCE COMPANY - CANADIAN BRANCH · context quote: REPORT OF KPMG INC., THE LIQUIDATOR OF RELIANCE INSURANCE COMPANY - CANADIAN BRANCH
- recovery outcomeentries: basis: unstated · quote: a cumulative total distribution rate on Policy Loss Claims of 100%, · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: Policy Loss Claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: a distribution on ordinary creditor claims of 100%, up to a cumulative total of $100,000, · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · amount high: 100000 · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total of $100,000 · claims qualifier: unstated; basis: actual · quote: This Court has approved six distributions to policyholders, resulting in a total recovery of 100% of their claims and a distribution of post-liquidation interest of 5%. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · class label: policyholders · interim final: unstated · claims qualifier: unstated; basis: actual · quote: This Court further approved a distribution of 100% on ordinary creditor claims up to a cumulative total amount of $100,000 by Order dated December 17, 2008. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · cumulative: true · amount high: 100000 · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total amount of $100,000 · claims qualifier: unstated; basis: actual · quote: Approving and authorizing a fifth interim distribution to policyholders and claimants in the amount of 20% on their valid and allowed loss claims for a cumulative distribution rate of 100%. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: court · cumulative: true · class label: policyholders and claimants (fifth interim distribution) · interim final: interim · claims qualifier: unstated; basis: actual · quote: Pursuant to the fifth interim distribution approved by the Court in April 2008, the Liquidator is paying policy holders and claimants 100% of their valid and allowed loss claims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: policy holders and claimants · interim final: unstated · claims qualifier: unstated · stated on: 2014-06-19 · table missing: