Ontario · Receivership (court-appointed)
First Report of the Receiver dated October 11, 2024
Court officer report · 11 October 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing2 verified
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 553.51 · quote: The average hourly rate charged during the Period was $553.51. · currency: · invoices: · firm text: TDB Restructuring Limited · firm quote: TDB Restructuring Limited (' TDB ') in place of RSM Canada Limited as Receiver · context quote: the Court granted an order substituting TDB Restructuring Limited (' TDB ') in place of RSM Canada Limited as Receiver
- recovery outcomeentries: basis: unstated · quote: payment to the Municipality for the property taxes owing on the Real Property of approximately $150,311, plus any further interest or fees at the time of closing; · pct of: unstated · outcome: distribution · currency: CAD · stated by: receiver · amount low: 150311 · amount high: 150311 · class label: Municipality (property taxes) · creditor name: Municipality · interim final: unstated · currency quote: all dollar amounts contained in the First Report are expressed in Canadian dollars · claims qualifier: unstated; basis: unstated · quote: payment of the remaining unpaid fees and disbursements of the Receiver ($20,656.56) and its independent counsel ($13,254.23) relating to the Real Property, which fees and disbursements total $33,910.79. · pct of: unstated · outcome: distribution · currency: CAD · class key: court_charges · stated by: receiver · amount low: 33910.79 · amount high: 33910.79 · class label: Receiver and independent counsel fees and disbursements · interim final: unstated · currency quote: all dollar amounts contained in the First Report are expressed in Canadian dollars · claims qualifier: unstated; basis: unstated · quote: repayment to First Source of the Receiver's borrowings of $125,000 plus interest thereon to the date of payment in respect of the Receiver's Borrowings Charge in respect of the Real Property; · pct of: unstated · outcome: distribution · currency: CAD · class key: court_charges · stated by: receiver · amount low: 125000 · amount high: 125000 · class label: First Source (Receiver's Borrowings Charge) · creditor name: First Source · interim final: interim · currency quote: all dollar amounts contained in the First Report are expressed in Canadian dollars · claims qualifier: unstated · stated on: 2024-10-11 · table missing: