Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 29 April 2026
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What we verified from this filing8 verified
- cash on handas at: 2026-03-31 · amount: 8921.8 · currency: CAD
- disbursementssince: September 5, 2025 · amount: 74446.68 · currency: CAD
- fee scheduleengagements: form: prose · rows: · money: tax: label: Harmonized Sales Tax · quote: Harmonized Sales Tax in the aggregate amount of $5,156.76 · amount: 5156.76 · fees: quote: fees in the amount of $38,651.00 · amount: 38651 · total: quote: in the total amount of $45,081.26, including fees in the amount of $38,651.00, disbursements in the amount of $1,273.50 and Harmonized Sales Tax in the aggregate amount of $5,156.76 · amount: 45081.26 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements in the amount of $1,273.50 · amount: 1273.5 · period: end: 2026-03-31 · kind: invoice · quote: The Receiver has rendered eight invoices in this matter for the period from June 17, 2025 to March 31, 2026 · start: 2025-06-17 · approval: state: unstated · averages: rate: 432.82 · quote: The average hourly rate in respect of time as outlined in Exhibit 'A' is $432.82. · currency: · invoices: · firm text: GlassRatner Restructuring Inc. · firm quote: FIRST REPORT OF GLASSRATNER RESTRUCTURING INC. IN ITS CAPACITY AS RECEIVER OF ZEPHYRUS EQUESTRIAN LTD. · context quote: in its capacity as Receiver of Zephyrus Equestrian Ltd.; form: prose · rows: · money: approximate: false · period: end: 2026-04-15 · kind: invoice · quote: for the period of September 10, 2025 to April 15, 2026 · start: 2025-09-10 · approval: state: unstated · averages: rate: 506.5 · quote: The weighted average hourly rate charged by professionals at Harrison Pensa LLP is $506.50. · currency: · invoices: · firm text: Harrison Pensa LLP · firm quote: Harrison Pensa LLP · context quote: who acts as counsel for GlassRatner Restructuring Inc., in its capacity as Court-Appointed Receiver of the Respondent, Zephyrus Equestrian Ltd.
- operational summaryThe Receiver has been marketing and managing the Real Property (a commercial office building with four tenants, one of which vacated), collecting rent, and has now entered into an agreement of purchase and sale for the property's sale.
- professional feesnote: Legal fees of $13,178.94 charged by Harrison Pensa LLP (counsel) for the period September 10, 2025 to April 15, 2026 also stated. · party: GlassRatner Restructuring Inc. (Receiver) · amount: 45081.26 · period: June 17, 2025 to March 31, 2026 · currency: CAD
- receipts cumulativesince: September 5, 2025 · amount: 83368.48 · currency: CAD
- report date29 April 2026
- report noFirst Report