British Columbia · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 21 January 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: report_table · rows: Anthony Tillman; Taylor Poirier; Nishant Virmani; Monica Cheung · money: tax: label: GST · quote: GST | | | | 9,306.26 · amount: 9306.26 · fees: quote: Total fees | | | | 185,500.50 · amount: 185500.5 · total: quote: which total $195,430.98, including disbursements of $624.22 and applicable taxes of $9,306.26 · amount: 195430.98 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: including disbursements of $624.22 · amount: 624.22 · period: kind: cumulative · quote: for the period April 1 to December 31, 2024 and an estimate to discharge · approval: state: unstated · averages: rate: 576.93 · quote: Average hourly rate | | | 576.93 $ | · currency: · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: Alvarez & Marsal Canada Inc. was appointed receiver without security · hours total: quote: | | | | 252.2 | 145,500.50 | · value: 252.2 · context quote: Alvarez & Marsal Canada Inc. was appointed receiver without security, of all the assets, undertakings and property of Quarry Rock Developments (McAllister) Inc.; form: prose · rows: · money: tax: label: applicable taxes · quote: applicable taxes of $14,125.20 · amount: 14125.2 · total: quote: which total $132,765.75, including disbursements of $1,076.98 and applicable taxes of $14,125.20 · amount: 132765.75 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: including disbursements of $1,076.98 · amount: 1076.98 · period: end: 2024-12-31 · kind: cumulative · quote: for the period from April 1 to December 31, 2024 and an estimate to discharge · start: 2024-04-01 · approval: state: unstated · averages: · currency: · invoices: · firm text: DLA · firm quote: a summary of DLA's professional fees and disbursements · context quote: Attached as Appendix ' E ' is a summary of DLA's professional fees and disbursements for the period from April 1 to December 31, 2024 and an estimate to discharge which total $132,765.75, including disbursements of $1,076.98 and applicable taxes of $14,125.20.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 2,235.35 | · amount: 2235.35 · fees: quote: | | 80.1 | | 44,654.50 | · amount: 44654.5 · total: quote: TOTAL INVOICE | | | $46,942.29 | · amount: 46942.29 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out of pocket expense Postage fees | | | 52.44 | · amount: 52.44 · period: end: 2024-04-30 · kind: invoice · quote: For professional services rendered for the period April 1-30, 2024 · start: 2024-04-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 80.1 | | 44,654.50 | · value: 80.1 · context quote: For professional services rendered for the period April 1-30, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 1,003.80 | · amount: 1003.8 · fees: quote: | | 34.0 | | 20,075.00 | · amount: 20075 · total: quote: TOTAL INVOICE | | | $21,079.78 | · amount: 21079.78 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out of pocket expense Postage fees | | | 0.98 | · amount: 0.98 · period: end: 2024-05-31 · kind: invoice · quote: For professional services rendered for the period May 1 - 31, 2024 · start: 2024-05-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 34.0 | | 20,075.00 | · value: 34 · context quote: For professional services rendered for the period May 1 - 31, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 1,040.40 | · amount: 1040.4 · fees: quote: | | 33.7 | | 20,458.00 | · amount: 20458 · total: quote: TOTAL INVOICE | | | $21,848.40 | · amount: 21848.4 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out of pocket expense Website maintenance | | | 350.00 | · amount: 350 · period: end: 2024-06-30 · kind: invoice · quote: For professional services rendered for the period June 1-30, 2024 · start: 2024-06-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 33.7 | | 20,458.00 | · value: 33.7 · context quote: For professional services rendered for the period June 1-30, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 642.50 | · amount: 642.5 · fees: quote: | | 21.0 | | 12,692.00 | · amount: 12692 · total: quote: TOTAL INVOICE | | | $13,492.48 | · amount: 13492.48 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: | | | | 157.98 | · amount: 157.98 · period: end: 2024-07-31 · kind: invoice · quote: For professional services rendered for the period July 1-31, 2024 · start: 2024-07-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 21.0 | | 12,692.00 | · value: 21 · context quote: For professional services rendered for the period July 1-31, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) 188.58 · amount: 188.58 · fees: quote: | | 6.9 | | 3,771.50 | · amount: 3771.5 · total: quote: TOTAL INVOICE $3,960.08 · amount: 3960.08 · includes tax: true · approximate: false · period: end: 2024-08-31 · kind: invoice · quote: For professional services rendered for the period August 1-31, 2024 · start: 2024-08-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 6.9 | | 3,771.50 | · value: 6.9 · context quote: For professional services rendered for the period August 1-31, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 245.78 | · amount: 245.78 · fees: quote: | | 9.1 | | 4,890.50 | · amount: 4890.5 · total: quote: TOTAL INVOICE | | | $5,161.28 | · amount: 5161.28 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out of pocket expenses Website maintenance | | | 25.00 | · amount: 25 · period: end: 2024-09-30 · kind: invoice · quote: For professional services rendered for the period September 1-30, 2024 · start: 2024-09-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 9.1 | | 4,890.50 | · value: 9.1 · context quote: For professional services rendered for the period September 1-30, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: fees: quote: | | 7.0 | | 4,016.50 | · amount: 4016.5 · approximate: false · period: end: 2024-10-31 · kind: invoice · quote: For professional services rendered for the period October 1-31, 2024 · start: 2024-10-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 7.0 | | 4,016.50 | · value: 7 · context quote: For professional services rendered for the period October 1-31, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: A. Tillman; T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) 1,571.28 · amount: 1571.28 · fees: quote: | | 52.2 | | 31,425.50 | · amount: 31425.5 · total: quote: TOTAL INVOICE $32,996.78 · amount: 32996.78 · includes tax: true · approximate: false · period: end: 2024-11-30 · kind: invoice · quote: For professional services rendered for the period November 1-30, 2024 · start: 2024-11-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 52.2 | | 31,425.50 | · value: 52.2 · context quote: For professional services rendered for the period November 1-30, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.; form: invoice_listing · rows: T. Poirier; N. Virmani; M. Cheung · money: tax: label: GST (5%) · quote: Add: GST (5%) | | | 177.74 | · amount: 177.74 · fees: quote: | | 8.2 | | 3,517.00 | · amount: 3517 · total: quote: TOTAL INVOICE | | | $3,732.56 | · amount: 3732.56 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: Add: out of pocket expenses Postage and courier | | | 37.82 | · amount: 37.82 · period: end: 2024-12-31 · kind: invoice · quote: For professional services rendered for the period December 1-31, 2024 · start: 2024-12-01 · approval: state: unstated · averages: · currency: code: CAD · quote: 5519970 (CAD) · invoices: · firm text: Alvarez & Marsal Canada Inc. · firm quote: the appointment of Alvarez & Marsal Canada Inc. as Receiver · hours total: quote: | | 8.2 | | 3,517.00 | · value: 8.2 · context quote: For professional services rendered for the period December 1-31, 2024, in connection with the appointment of Alvarez & Marsal Canada Inc. as Receiver of the real property of the Debtor.
- recovery outcomeentries: basis: estimated · quote: As indicated in the First Report, CWB's secured claim is in excess of $12.7 million and therefore the sale proceeds will be insufficient to satisfy the Petitioner's claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: CWB · claims amount: 12700000 · creditor name: Canadian Western Bank · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, it is not expected that any distributions will be made to any creditors beyond CWB. · pct of: unstated · outcome: nil · stated by: receiver · class label: any creditors beyond CWB · interim final: unstated · claims qualifier: unstated · table missing: