Ontario · CCAA
Motion Record of the Monitor dated July 24, 2026
Application / notice of application · 24 July 2026
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2026-06-30 · kind: invoice · label: the Period from May 1 to June 30, 2026 · quote: For the Period from May 1 to June 30, 2026 · start: 2026-05-01 · approval: state: unstated · averages: rate: 602.97 · quote: The average hourly rates for AlixPartners and Cassels for the referenced billing periods were $602.97 and $741.34, respectively. · scope: AlixPartners · currency: · invoices: · firm text: AlixPartners Restructuring, Inc. · firm quote: Lawyers for the Monitor, AlixPartners Restructuring, Inc. · context quote: AlixPartners Restructuring, Inc. was substituted in place of KSV Restructuring Inc. as Monitor in these proceedings pursuant to an order dated June 3, 2026; form: report_table · rows: · money: approximate: false · period: end: 2026-06-30 · kind: invoice · label: the Period from May 1 to June 30, 2026 · quote: For the Period from May 1 to June 30, 2026 · start: 2026-05-01 · approval: state: unstated · averages: rate: 741.34 · quote: The average hourly rate charged by Cassels was $741.34. · scope: Cassels · currency: · invoices: · firm text: Cassels Brock & Blackwell LLP · firm quote: CASSELS BROCK & BLACKWELL LLP · context quote: During the period from May 1, 2026 to June 30, 2026, Cassels incurred fees and disbursements, including Harmonized Sales Tax ('HST'), in the amount of $20,277.01. · context unverified: true
- recovery outcomeentries: basis: estimated · quote: subject to the Expense Holdback, the amount available for distribution on account of the Accepted Claims and the Unresolved Claim (if not resolved and if determined to be a Proven Claim), on a pro rata, pari passu basis, would result in a recovery of approximately 8.5%, as more specifically set out in the following table. · pct of: unstated · outcome: distribution · pct low: 8.5 · pct high: 8.5 · class key: unsecured · stated by: monitor · cumulative: false · class label: Creditors holding the Accepted Claims · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Monitor notes that if the Unresolved Claim is withdrawn or disallowed, the recovery on account of the Accepted Claims would increase to 9.8%. · pct of: unstated · outcome: distribution · pct low: 9.8 · pct high: 9.8 · class key: unsecured · stated by: monitor · cumulative: false · class label: Accepted Claims (if Unresolved Claim withdrawn or disallowed) · interim final: unstated · conditional on: if the Unresolved Claim is withdrawn or disallowed · claims qualifier: unstated · stated on: 2026-07-24 · table missing: