Ontario · NOI
Motion Record - BDO Canada Limited - 08-DEC-23
Application / notice of application · 8 December 2023
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What we verified from this filing9 verified
- commencement date8 December 2023
- applicantBDO Canada Limited
- appointeeBDO Canada Limited
- appointee roleproposal trustee
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- court file noBK-23-02995640-0032
- provinceONTARIO
- fee scheduleengagements: form: prose · rows: · money: fees: quote: for a total of $58,096.50 prior to disbursements of $558.91 and applicable taxes · amount: 58096.5 · total: quote: in the amount of $66,275.41 inclusive of HST of $7,620.00 · amount: 66275.41 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: for a total of $58,096.50 prior to disbursements of $558.91 and applicable taxes · amount: 558.91 · period: end: 2023-12-06 · kind: interim · quote: for the period from September 27, 2023 to December 6, 2023 · start: 2023-09-27 · approval: quote: The Proposal Trustee requests that the Court approve its interim accounts for the period from September 27, 2023 to December 6, 2023 · state: sought · averages: rate: 427.97 · quote: at an average hourly rate of approximately $427.97 · currency: · invoices: · firm text: BDO Canada Limited · firm quote: Lawyers for BDO Canada Limited in its capacity as Proposal Trustee · hours total: quote: The Proposal Trustee's fees encompass 135.75 hours at an average hourly rate of approximately $427.97 · value: 135.75 · context quote: I am a Vice President of BDO Canada Limited, and as such have personal knowledge of the matters referred to herein.; form: prose · rows: · money: fees: quote: for a total of $29,793.50 prior to disbursements of $13.15 and applicable taxes · amount: 29793.5 · total: quote: in the amount of $33,680.47, inclusive of HST and disbursements · amount: 33680.47 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: for a total of $29,793.50 prior to disbursements of $13.15 and applicable taxes · amount: 13.15 · period: end: 2023-11-28 · kind: invoice · quote: which captures the fees rendered for the period from October 13, 2023 to November 28, 2023 · start: 2023-10-13 · approval: quote: The Proposal Trustee requests that the Court approve its interim accounts for the period from September 27, 2023 to December 6, 2023 · state: sought · averages: rate: 684.91 · quote: The average hourly rate is $684.91. · currency: · invoices: date: 2023-11-30 · quote: an account dated November 30, 2023, which captures the fees rendered for the period from October 13, 2023 to November 28, 2023 in the amount of $33,680.47, inclusive of HST and disbursements · total: 33680.47 · period end: 2023-11-28 · period start: 2023-10-13 · firm text: Aird & Berlis LLP · firm quote: AIRD & BERLIS LLP · hours total: quote: A&B's fees for the period encompass 43.5 hours at an average hourly rate of approximately $684.91 · value: 43.5 · context quote: Lawyers for BDO Canada Limited in its capacity as Proposal Trustee
- recovery outcomeentries: basis: liquidation_alternative · quote: The Proposal is advantageous for the Company's creditors because the distribution to ordinary creditors would be zero in a bankruptcy scenario compared to 12.7% in the Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: ordinary creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Proposal is advantageous for the Company's creditors because the distribution to ordinary creditors would be zero in a bankruptcy scenario compared to 12.7% in the Proposal. · pct of: unstated · outcome: distribution · pct low: 12.7 · pct high: 12.7 · class key: unsecured · stated by: proposal_trustee · class label: ordinary creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: the Proposal Trustee anticipates that the distribution to ordinary creditors would be $NIL in a bankruptcy scenario compared to 12.7% in the Proposal. · pct of: unstated · outcome: nil · class key: unsecured · stated by: proposal_trustee · class label: ordinary creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: the Proposal Trustee anticipates that the distribution to ordinary creditors would be $NIL in a bankruptcy scenario compared to 12.7% in the Proposal. · pct of: unstated · outcome: distribution · pct low: 12.7 · pct high: 12.7 · class key: unsecured · stated by: proposal_trustee · class label: ordinary creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Proven Pre-Filing Crown Claims (if any) shall be paid in full by the Sponsor outside of this Funded Proposal Payment. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Proven Pre-Filing Crown Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Proven Employee Preferred Claims (if any) shall be paid in full by the Sponsor outside of this Funded Proposal Payment immediately after Court Approval. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Proven Employee Preferred Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Proven Preferred Claims (if any), other than Employee Preferred Claims, shall be paid in full, without interest, out of the Funded Proposal Payment on the Implementation Date. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Proven Preferred Claims (other than Employee Preferred Claims) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors holding Proven Unsecured Claims shall receive, on a pro rata basis, payment out of the Funded Proposal Payment. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Creditors holding Proven Unsecured Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Equity Claims shall not receive any distribution, payment or other consideration under this Proposal. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: No payment shall be made out of the Funded Proposal Payment, or in respect of this Proposal, to Non-Participating Creditors or to Existing Equity Holders. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Non-Participating Creditors and Existing Equity Holders · interim final: unstated · claims qualifier: unstated · stated on: 2023-12-07 · table missing: