Saskatchewan · Winding-up (provincial)
Second Liquidator’s report dated Nov 19, 2020
Court officer report · 19 November 2020
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
- disbursementssince: October 31, 2019 · amount: 1177741 · currency: CAD
- fee scheduleengagements: form: invoice_listing · rows: Neil Honess; Joe Sithole; Cristina Pimienta; Andrew Brausen; Annette Chopowick · money: fees: quote: 143,205.00 · amount: 143205 · total: quote: 165,464.87 · amount: 165464.87 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 6,197.45 · amount: 6197.45 · period: end: 2020-02-28 · kind: invoice · quote: For the professional services rendered during the period November 18, 2019 - February 28, 2020 with respect to PrimeWest Mortgage Investment Corporation liquidation. · start: 2019-11-18 · approval: quote: Approve the Liquidation Professional Fees for the period of November 18, 2019 to September 17, 2020; and · state: sought · averages: · currency: code: CAD · quote: CAD · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. · context quote: KPMG was appointed as liquidator (the ' Liquidator ').; form: invoice_listing · rows: Neil Honess; Joe Sithole; Cristina Pimienta; Andrew Brausen; Annette Chopowick · money: fees: quote: 47,600.00 · amount: 47600 · total: quote: 57,316.20 · amount: 57316.2 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 4,266.86 · amount: 4266.86 · period: end: 2020-07-07 · kind: invoice · quote: For the professional services rendered during the period March 2, 2020 - July 7, 2020 with respect to PrimeWest Mortgage Investment Corporation liquidation. · start: 2020-03-02 · approval: quote: Approve the Liquidation Professional Fees for the period of November 18, 2019 to September 17, 2020; and · state: sought · averages: · currency: code: CAD · quote: CAD · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. · context quote: KPMG was appointed as liquidator (the ' Liquidator ').; form: invoice_listing · rows: Neil Honess; Cristina Pimienta; Annette Chopowick · money: fees: quote: 29,465.00 · amount: 29465 · total: quote: 39,673.54 · amount: 39673.54 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: 6,635.61 · amount: 6635.61 · period: end: 2020-09-17 · kind: invoice · quote: For the professional services rendered during the period July 2, 2020 - September 17, 2020 with respect to PrimeWest Mortgage Investment Corporation liquidation. · start: 2020-07-02 · approval: quote: Approve the Liquidation Professional Fees for the period of November 18, 2019 to September 17, 2020; and · state: sought · averages: · currency: code: CAD · quote: CAD · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. · context quote: KPMG was appointed as liquidator (the ' Liquidator ').; form: time_summary · rows: · money: approximate: false · period: kind: unstated · approval: quote: Approve the Liquidation Professional Fees for the period of November 18, 2019 to September 17, 2020; and · state: sought · averages: · currency: · invoices: · firm text: The W Law Group LLP · firm quote: The W Law Group LLP · context quote: PAYMENTS MAY BE MADE BY VISA, MASTER CARD, INTERAC, ETRANSFER OR CHEQUE MADE PAYABLE TO THE W LAW GROUP LLP
- operational summaryThe Corporation is in voluntary liquidation and windup, with the Liquidator selling remaining condo units, mortgages and judicial sale properties, while managing an active claims process and related litigation including a class action and appeal.
- professional feesnote: Liquidator's fees and disbursements $262,455; Liquidator's Counsel fees and disbursements $201,877; inclusive of GST and PST · party: Liquidator and Liquidator's Counsel · amount: 464331 · period: November 18, 2019 to September 17, 2020 · currency: CAD
- receipts cumulativesince: October 31, 2019 · amount: 4935393 · currency: CAD
- report date19 November 2020
- report noSecond Report