Ontario · Receivership (court-appointed)
Second Report of the Receiver dated November 12, 2024.pdf
Court officer report · 12 November 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 485.89 · quote: The average hourly rate of A&B is $485.89. · scope: A&B · currency: · invoices: · firm text: Aird & Berlis LLP · firm quote: The average hourly rate of A&B is $485.89. · context quote: The average hourly rate of A&B is $485.89.
- operational summaryThe Receiver took possession of the Property after D&S failed to comply with payment obligations, obtained insurance, and is now working to remove D&S's remaining equipment while running a sale process for the Property with a proposed listing price of $810,000.
- professional feesnote: Fees of $55,856.03 and disbursements of $1,468.77, plus HST of $7,452.24; A&B (Receiver's counsel) fees for January 8, 2024 to October 29, 2024 were $40,303.50 plus disbursements of $1,463.88, plus HST of $5,364.27, for a total of $47,131.65. · party: Grant Thornton Limited (Receiver) · amount: 64777.04 · period: December 20, 2023 to October 31, 2024 · currency: CAD
- report date12 November 2024
- report noSecond Report
- sale advisorColliers Macaulay Nicolls Inc.
- sale outcometext: The Receiver proposes to enter into a new listing agreement with Colliers... requests that the Court authorize and direct the Receiver to enter into a listing agreement with Colliers for the sale of the Property with a listing price of $810,000. · scope: parcel · status: listed