Ontario · Receivership (court-appointed)
First Report to Court dated September 3, 2025
Court officer report · 3 September 2025
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What we verified from this filing7 verified
- report date3 September 2025
- report noFirst Report
- operational summaryThe purpose of these receivership proceedings is to maximize the value of the Real Property for the benefit of the Company's stakeholders, including to prepare the Real Property for sale and conduct a Court-supervised sale process.
- cash on handamount: 1025888 · currency: CAD
- professional feesReceiver: $205,138; Goodmans: $215,914 (excluding disbursements and HST)
- receipts cumulativeamount: 2174741 · currency: CAD
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2025-07-31 · kind: cumulative · quote: 2616766 Ontario Limited Schedule of Professionals' Time and Rates For the Period from April 17, 2025 to July 31, 2025 · start: 2025-04-17 · approval: state: unstated · averages: rate: 608.52 · quote: The average hourly rate of the Receiver is $ 608.52 . · scope: Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: First Report of KSV Restructuring Inc. as Receiver of 2616766 Ontario Limited · context quote: appointed KSV Restructuring Inc. ('KSV') as the receiver and manager (in such capacity, the 'Receiver'); form: report_table · rows: · money: fees: quote: giving rise to fees totalling $215,914.00 · amount: 215914 · total: quote: together with costs and taxes in the amount of $29,309.10, totaling $245,223.10 · amount: 245223.1 · includes tax: true · includes disbursements: true · approximate: false · period: end: 2025-08-24 · kind: cumulative · label: Relevant Period · quote: for the period from February 26, 2025 to August 24, 2025, inclusive (the ' Relevant Period ') · start: 2025-02-26 · approval: state: unstated · averages: rate: 907.2 · quote: at an average hourly rate of $907.20 · scope: Goodmans · currency: · invoices: · firm text: Goodmans · firm quote: the accounts (the 'Goodmans Accounts') to the Receiver · hours total: quote: Goodmans expended a total of 238 hours · value: 238 · context quote: Attached hereto and marked as Exhibit 'A' are true copies of the accounts (the 'Goodmans Accounts') to the Receiver for the period from February 26, 2025 to August 24, 2025, inclusive (the 'Relevant Period') · firm unverified: true · context unverified: true