Ontario · Receivership (court-appointed)
First Report of the Receiver dated February 13, 2019
Court officer report · 13 February 2019
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: tax: label: HST · quote: HST 2,265.73 · amount: 2265.73 · fees: quote: Total fees per attached time summary $ 17,428.67 · amount: 17428.67 · total: quote: Total $ 19,694.40 · amount: 19694.4 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · label: July, 2018 · quote: For the period July, 2018 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. (' KSV ') · context quote: ('KSV') in its capacity as Court-appointed receiver ('Receiver') of the Company for the period ended July 31, 2018, including:; form: time_summary · rows: David Sieradzki; Jonathan Joffe; fees: 750 · role: Other Staff and Administration · quote: Other Staff and Administration | Other Staff and Administration | | | 750.00 | · row kind: bucket · rate kind: standard · name as stated: Other Staff and Administration · money: fees: quote: Subtotal - fees | Subtotal - fees | | | 17,325.00 | · amount: 17325 · total: quote: Total Fees and Disbursements | Total Fees and Disbursements | | | 17,428.67 | · amount: 17428.67 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Out-of-pocket disbursements (couriers and postage) | Out-of-pocket disbursements (couriers and postage) | | | 103.67 | · amount: 103.67 · period: kind: invoice · label: July, 2018 · quote: For the period July, 2018 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. · context quote: Time Summary; form: invoice_listing · rows: · money: tax: label: HST · quote: HST | 1,549.52 | · amount: 1549.52 · fees: quote: Total fees per attached time summary | $ 11,919.41 | · amount: 11919.41 · total: quote: Total | $ 13,468.93 | · amount: 13468.93 · includes tax: true · includes disbursements: true · approximate: false · period: kind: invoice · label: August, 2018 · quote: For the period August, 2018 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. ('KSV') · context quote: For professional services rendered by KSV Kofman Inc. ('KSV') in its capacity as Court-appointed receiver ('Receiver') of the Company for the August, 2018, including:; form: time_summary · rows: David Sieradzki; Jonathan Joffe; Simon Thean; fees: 150 · role: Other Staff and Administration · quote: Other Staff and Administration | Other Staff and Administration | | | 150.00 | · row kind: bucket · rate kind: standard · name as stated: Other Staff and Administration · money: fees: quote: Subtotal - fees | Subtotal - fees | | | 11,890.00 | · amount: 11890 · total: quote: Total Fees and Disbursements | Total Fees and Disbursements | | | 11,919.41 | · amount: 11919.41 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Out-of-pocket disbursements (couriers and postage) | Out-of-pocket disbursements (couriers and postage) | | | 29.41 | · amount: 29.41 · period: kind: invoice · label: August, 2018 · quote: For the period August, 2018 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. · context quote: Time Summary; form: time_summary · rows: Jonathan Joffe; Simon Thean; fees: 187.5 · quote: Other Staff and Administration | | | | 187.50 | · row kind: bucket · rate kind: standard · name as stated: Other Staff and Administration · money: fees: quote: Subtotal - fees | | | | 28,395.00 | · amount: 28395 · total: quote: Total Fees and Disbursements | | | | 28,842.05 | · amount: 28842.05 · includes tax: false · includes disbursements: true · approximate: false · disbursements: quote: Subtotal - disbursements | | | | 447.05 | · amount: 447.05 · period: end: 2019-01-31 · kind: invoice · quote: for the period September 1, 2018 to January 31, 2019 · start: 2018-09-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. ('KSV') · context quote: For professional services rendered by KSV Kofman Inc. ('KSV') in its capacity as Court-appointed receiver ('Receiver') of the Company for the period September 1, 2018 to January 31, 2019, including:; form: rate_chart · rows: Simon Thean; fees: 1087.5 · rate: 150 · hours: 7.25 · quote: | 7.25 | 150.00 | 1,087.50 | · row kind: bucket · rate kind: standard · name as stated: Other staff and administrative · money: approximate: false · period: kind: cumulative · quote: Schedule of Professionals' Time and Rates · approval: state: unstated · averages: rate: 450.96 · quote: Average hourly rate | | | | | 450.96 $ | · currency: · invoices: · firm text: KSV Kofman Inc. · firm quote: KSV Kofman Inc. · context quote: Seaway Travel Centre Ltd. Schedule of Professionals' Time and Rates
- recovery outcomeentries: basis: estimated · quote: Laurentian is projected to incur a shortfall on its advances to the Company and has consented to the Transaction; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Laurentian · creditor name: Laurentian Bank of Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Given the property tax arrears, realtor commissions and other post-filing expenses that will need to be paid from the proceeds of the Transaction, Laurentian is projected to incur a shortfall on its advances to the Company. Accordingly, there will be no funds available for distribution to the Company's unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: the Company's unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2019-02-13 · table missing: