Ontario · Receivership (court-appointed)
Fourth Report to Court of the Receiver dated January 14, 2022
Court officer report · 14 January 2022
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What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 486.6 · quote: The average hourly rates for KSV and Osler for the referenced billing periods were $486.60 and $707.58, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Fourth Report of KSV Restructuring Inc. as Receiver of JD Norman Canada, ULC · context quote: This report ('Report') is filed by KSV Restructuring Inc. ('KSV') in its capacity as receiver (the 'Receiver'); form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 707.58 · quote: The average hourly rates for KSV and Osler for the referenced billing periods were $486.60 and $707.58, respectively. · scope: Osler · currency: · invoices: · firm text: Osler · firm quote: The average hourly rates for KSV and Osler for the referenced billing periods were $486.60 and $707.58, respectively. · context quote: The average hourly rates for KSV and Osler for the referenced billing periods were $486.60 and $707.58, respectively.
- recovery outcomeentries: basis: estimated · quote: Callidus is projected to incur a substantial shortfall on its advances to the Company and has consented to the Transaction. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Callidus Capital Corporation · creditor name: Callidus Capital Corporation · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Pursuant to the Distribution Order, on November 16, 2021, the Receiver made an interim distribution to Callidus of $300,000, representing a portion of the net proceeds generated from the liquidation of the M&E Assets. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 300000 · cumulative: false · amount high: 300000 · class label: Callidus · creditor name: Callidus · interim final: interim · claims qualifier: unstated · stated on: 2022-01-14 · table missing: