Ontario · Receivership (court-appointed)
Third Report of the Receiver dated September 23, 2024
Court officer report · 23 September 2024
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2024-08-31 · kind: invoice · quote: For the Period from July to August | col2: 1,; col3: 2024; col4: 31,; col5: 2024 · start: 2024-07-01 · approval: state: unstated · averages: rate: 606.7 · quote: The average hourly rate of the Receiver is $606.70. · scope: Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: This report ('Report') is filed by KSV Restructuring Inc. ('KSV') in its capacity as receiver (the 'Receiver') · context quote: in its capacity as receiver (the 'Receiver') of the assets, undertakings, and properties of 2557386 Ontario Inc.; form: prose · rows: · money: tax: label: HST · quote: HST of $4,164.65 · amount: 4164.65 · fees: quote: comprised of fees of $31,339.50 · amount: 31339.5 · total: quote: totalling $37,010.82 (comprised of fees of $31,339.50, disbursements of $1,506.67 and HST of $4,164.65) · amount: 37010.82 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $1,506.67 · amount: 1506.67 · period: end: 2024-08-31 · kind: invoice · quote: for the time period commencing July 1, 2024 and ending August 31, 2024 · start: 2024-07-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: Chaitons · firm quote: Attached hereto and marked as Exhibit 'A' are copies of the accounts issued by Chaitons to the Receiver · context quote: Attached hereto and marked as Exhibit 'A' are copies of the accounts issued by Chaitons to the Receiver for the time period commencing July 1, 2024 and ending August 31, 2024; form: prose · rows: · money: tax: label: HST · quote: HST of $2,032.85 · amount: 2032.85 · fees: quote: including fees of $15,066 · amount: 15066 · total: quote: the total amount being claimed for the work performed by Reconstruct during the Billing Period is $17,762.64 (including fees of $15,066, disbursements of $571.28 and HST of $2,032.85) · amount: 17762.64 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $571.28 · amount: 571.28 · period: end: 2024-08-21 · kind: invoice · label: Billing Period · quote: the period of March 25, 2024 to August 21, 2024 (the ' Billing Period ') · start: 2024-03-25 · approval: state: unstated · averages: rate: 717.43 · quote: an average hourly rate of $717.43 (exclusive of applicable taxes) · scope: Reconstruct · currency: · invoices: · firm text: Reconstruct · firm quote: in connection with its mandate as counsel to the Receiver detailing its fees and disbursements incurred for the period of March 25, 2024 to August 21, 2024 · hours total: quote: Reconstruct incurred a total of 21 hours at an average hourly rate of $717.43 (exclusive of applicable taxes). · value: 21 · context quote: it has prepared statements of account (the ' Accounts ') in connection with its mandate as counsel to the Receiver detailing its fees and disbursements incurred for the period of March 25, 2024 to August 21, 2024 (the ' Billing Period '). · context unverified: true
- recovery outcomeentries: basis: estimated · quote: Provided that neither VanRooyen nor MarshallZehr raise any issues with the Receiver's assessment of VanRooyen's lien claim priority, upon closing the Transaction, the Receiver recommends that it be authorized and directed to make a distribution of $171,909 from the Transaction sale proceeds to VanRooyen, representing the 10% holdback amount owing by 2557 which ranks in priority to MarshallZehr. · pct of: unstated · outcome: distribution · class key: pmsi_lessor · stated by: receiver · amount low: 171909 · amount high: 171909 · class label: VanRooyen (10% holdback lien claim) · creditor name: VanRooyen Earthmoving Ltd. · interim final: unstated · related party: false · conditional on: Provided that neither VanRooyen nor MarshallZehr raise any issues with the Receiver's assessment of VanRooyen's lien claim priority, upon closing the Transaction · claims qualifier: unstated · stated on: 2024-09-23 · table missing: