Ontario · NOI
Fourth Report of the Proposal Trustee dated July 25, 2025
Court officer report · 25 July 2025
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What we verified from this filing5 verified
- fee scheduleengagements: form: prose · rows: · money: fees: quote: The Trustee's total fees are $53,726.00 plus HST · amount: 53726 · approximate: false · period: kind: unstated · approval: state: unstated · averages: rate: 500.71 · quote: its average hourly rate is calculated to be $500.71 plus HST · currency: · invoices: date: 2025-07-23 · fees: 31246.5 · quote: An account dated July 23, 2025 for the period from July 1 to July 22, 2025 of $31,246.50, plus HST thereon. · period end: 2025-07-22 · period start: 2025-07-01 · firm text: Albert Gelman Inc. · firm quote: FOURTH REPORT OF ALBERT GELMAN INC. IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL · hours total: quote: its total hours spent is 107.3 · value: 107.3 · context quote: IN ITS CAPACITY AS TRUSTEE UNDER THE NOTICE OF INTENTION TO MAKE A PROPOSAL; form: invoice_listing · rows: · money: tax: label: HST · quote: 1,167.08) · amount: 1167.08 · fees: quote: OUR FEES Total HST $ 8,977.50) · amount: 8977.5 · total: quote: INVOICE TOTAL $ 10,144.58) · amount: 10144.58 · includes tax: true · approximate: false · period: end: 2025-07-23 · kind: invoice · quote: FOR PROFESSIONAL SERVICES RENDERED on this matter for the period ending July 23, 2025: · approval: state: unstated · averages: · currency: · invoices: · firm text: Paliare Roland Rosenberg Rothstein LLP · firm quote: its legal counsel, Paliare Roland Rosenberg Rothstein LLP · context quote: the fees and disbursements of the Trustee and its legal counsel, Paliare Roland Rosenberg Rothstein LLP ('Paliare'), in respect of these restructuring proceedings · context unverified: true
- operational summaryThe Companies are conducting a court-supervised sale and investment solicitation process and have entered into a binding asset purchase agreement to sell substantially all business assets as a going concern, while seeking an extension of the proposal filing deadline to complete the transaction.
- professional feesnote: Excludes HST; separate fees for Trustee's legal counsel Paliare Roland totaling $8,977.50 plus HST ($10,144.58 inclusive) noted separately. · party: Albert Gelman Inc. (Trustee) · amount: 53726 · period: June 1, 2025 to July 22, 2025 · currency: CAD
- report date25 July 2025
- report noFourth Report