Ontario · Winding-up (WURA)
Motion Record - 2016.04.12
Application / notice of application · 12 April 2016
What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: Gale Rubenstein; Graham Smith; Franey Kussner; Cathy Costa; Kirby Goldstein; Fanny Paquette; rate: 259 · role: Litigation and Insolvency · hours: 215.4 · quote: Articling Students | Student | Litigation and Insolvency | 215.4 | $259 · title: Student · row kind: bucket · rate kind: average · name as stated: Articling Students; rate: 169 · hours: 153.4 · quote: Individuals with less than 30 hours | 153.4 | $169 · row kind: bucket · rate kind: average · name as stated: Individuals with less than 30 hours; rate: 608 · hours: 2178.8 · quote: 2,178.8 | $_608 · row kind: subtotal · rate kind: average · name as stated: Total · money: tax: label: HST · quote: HST: | $ 176,452.49 · amount: 176452.49 · fees: quote: OUR FF.R : | $ 1,322,705.50 · amount: 1322705.5 · total: quote: TOTAL: | $ 1,534,667.90 · amount: 1534667.9 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: DISBURSEMENTS: | $ 35,509.91 · amount: 35509.91 · period: end: 2015-12-31 · kind: cumulative · label: THE PERIOD APRIL 1, 2014 TO DECEMBER 31, 2015 · quote: LISTING OF GOODMANS LLP PERSONNEL HOURS AND AVERAGE HOURLY RATES FOR THE PERIOD APRIL 1, 2014 TO DECEMBER 31, 2015 · start: 2014-04-01 · approval: state: unstated · averages: rate: 608 · quote: 2,178.8 | $_608 · currency: · invoices: · firm text: Goodmans LLP · firm quote: GOODMANS LLP · hours total: quote: 2,178.8 | $_608 · value: 2178.8 · context quote: Lawyers for KPMG Inc., Liquidator of Reliance (Canada); form: invoice_listing · rows: N. Brearton; E. Murphy; J. Bradley; A. Condello; rate: 574 · role: Individuals with less than 30 hours · hours: 81.5 · quote: Individuals with less than 30 hours | Individuals with less than 30 hours | Individuals with less than 30 hours | 81.50 | $574 · row kind: bucket · rate kind: average · name as stated: Individuals with less than 30 hours; rate: 699 · hours: 1395.5 · quote: 1,395.50 | $699 · row kind: subtotal · rate kind: average · name as stated: Total · money: tax: label: HST · quote: HST | 130,594.35 · amount: 130594.35 · fees: quote: Our fee | $975,042.25 · amount: 975042.25 · total: quote: Total | $1,135,166.73 · amount: 1135166.73 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Disbursements | 29,530,13 · amount: 29530.13 · period: end: 2015-12-31 · kind: cumulative · label: TWENTY-ONE MONTH PERIOD FROM APRIL 1, 2014 TO DECEMBER 31, 2015 · quote: TWENTY-ONE MONTH PERIOD FROM APRIL 1, 2014 TO DECEMBER 31, 2015 · start: 2014-04-01 · approval: state: unstated · averages: rate: 699 · quote: 1,395.50 | $699 · currency: · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. · hours total: quote: 1,395.50 | $699 · value: 1395.5 · context quote: In our capacity as Liquidator, we have prepared the Balance Sheet of Reliance Insurance Company, Canadian Branch (In liquidation)
- recovery outcomeentries: basis: actual · quote: This Court has approved 6 distributions to policyholders, resulting in a total recovery of 100% of the value of their allowed Policy Loss Claims and, where applicable, a distribution of post-liquidation interest of 5%. · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: liquidator · cumulative: true · class label: Policy Loss Claims · interim final: unstated · claims qualifier: unstated; basis: actual · quote: A distribution of 100% on allowed ordinary creditor claims was also made, pursuant to this Court's Order made December 17, 2008. · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: liquidator · class label: ordinary creditor claims · interim final: unstated · conditional on: up to a cumulative total of $100,000 · claims qualifier: unstated; basis: actual · quote: On January 13, 2016, the U,S. Liquidator received court approval to increase the total cumulative interim distribution to 65% on allowed claims. · pct of: allowed_claims · outcome: distribution · pct low: 65 · pct high: 65 · stated by: liquidator · cumulative: true · class label: allowed claims (U.S. estate) · interim final: interim · claims qualifier: unstated · stated on: 2016-04-11 · table missing: