Ontario · CCAA
Twenty-Fourth Report of the Monitor dated April 24, 2018
Court officer report · 24 April 2018
Also filed as: Fourteenth Report of the Monitor dated April 24, 2018
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: end: 2017-12-31 · kind: invoice · label: WeirFoulds Billing Period · quote: the period from August 1, 2017 to December 31, 2017 (the "WeirFoulds Billing Period") · start: 2017-08-01 · approval: state: unstated · averages: rate: 449.04 · quote: resulting in an average hourly rate of $449.04 (exclusive of applicable taxes) · currency: · invoices: · firm text: WeirFoulds · firm quote: Statement of Account of WeirFoulds in respect of services rendered to the Bay LP CCAA Entities · hours total: quote: 5.2 hours were billed by WeirFoulds personnel during the WeirFoulds Billing Period · value: 5.2 · context quote: Attached hereto as Exhibit "A" is a copy of the Statement of Account of WeirFoulds in respect of services rendered to the Bay LP CCAA Entities for the period from August 1, 2017 to December 31, 2017 (the "WeirFoulds Billing Period").; form: prose · rows: · money: approximate: false · period: end: 2018-02-28 · kind: invoice · label: DLA Billing Period · quote: the period from January 1, 2018 to February 28, 2018 (the "DLA Billing Period") · start: 2018-01-01 · approval: state: unstated · averages: rate: 550 · quote: resulting in an average hourly rate of $550 (exclusive of applicable taxes) · currency: · invoices: · firm text: DLA · firm quote: Statement of Account of DLA in respect of services rendered to the Bay LP CCAA Entities · hours total: quote: 7.8 hours were billed by DLA personnel during the DLA Billing Period · value: 7.8 · context quote: Attached hereto as Exhibit "B" is a copy of the Statement of Account of DLA in respect of services rendered to the Bay LP CCAA Entities for the period from January 1, 2018 to February 28, 2018 (the "DLA Billing Period").; form: prose · rows: · money: approximate: false · period: kind: invoice · label: WeirFoulds Billing Period · quote: the WeirFoulds Billing Period · approval: state: unstated · averages: rate: 454.88 · quote: resulting in an average hourly rate of $454.88 (exclusive of applicable taxes) · currency: · invoices: · firm text: WeirFoulds · firm quote: billed by WeirFoulds personnel during the WeirFoulds Billing Period · hours total: quote: 4.3 hours were billed by WeirFoulds personnel during the WeirFoulds Billing Period · value: 4.3 · context quote: As set out in the following table, 4.3 hours were billed by WeirFoulds personnel during the WeirFoulds Billing Period, resulting in an average hourly rate of $454.88 (exclusive of applicable taxes):; form: prose · rows: · money: approximate: false · period: kind: invoice · label: DLA Billing Period · quote: the DLA Billing Period · approval: state: unstated · averages: rate: 550 · quote: resulting in an average hourly rate of $550 (exclusive of applicable taxes) · currency: · invoices: · firm text: DLA · firm quote: billed by DLA personnel during the DLA Billing Period · hours total: quote: 7.8 hours were billed by DLA personnel during the DLA Billing Period · value: 7.8 · context quote: As set out in the following table, 7.8 hours were billed by DLA personnel during the DLA Billing Period, resulting in an average hourly rate of $550 (exclusive of applicable taxes):
- recovery outcomeentries: basis: actual · quote: On June 27, 2017, the Court made an order authorizing and directing the Monitor to pay a 33% dividend to creditors with admitted claims against the Bay CCAA Entities. · pct of: proven_claims · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: court · class label: creditors with admitted claims against the Bay CCAA Entities · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On November 30, 2017, the Court made an order authorizing and directing the Monitor to pay in full all admitted claims, other than intercompany claims. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: court · class label: admitted claims, other than intercompany claims · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: b) TFCC would receive $3 million in full and final satisfaction of the TFCC Guarantee Claim; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 3000000 · amount high: 3000000 · class label: TFCC · claims amount: 10014000 · creditor name: TFCC · interim final: unstated · conditional on: TFCC/UCI Settlement conditional on approvals by the Court and the Israeli Court · claims qualifier: listed; basis: unstated · quote: c) UCI's Late Filed Claim would be admitted and UCI would receive an initial distribution of at least $5.5 million at the same time the $3 million is paid to TFCC; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 5500000 · amount high: 5500000 · class label: UCI's Late Filed Claim · creditor name: UCI · interim final: unstated · conditional on: TFCC/UCI Settlement conditional on approvals by the Court and the Israeli Court · claims qualifier: unstated · stated on: 2018-04-24 · table missing: