Ontario · CCAA
Eighteenth Report of the Monitor dated September 15, 2021
Court officer report · 15 September 2021
Also filed as: Fourteenth Report of the Proposal Trustee dated September 15, 2021
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: kind: unstated · approval: state: unstated · averages: rate: 564.8 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $564.80 and $578.46, respectively. · scope: KSV · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. · context quote: KSV Restructuring Inc. ('KSV') was appointed monitor (in such capacity, the 'Monitor') · context unverified: true; form: prose · rows: · money: approximate: false · period: end: 2021-08-31 · kind: invoice · quote: the accounts of Bennett Jones rendered to the Monitor for the fees and disbursements incurred by Bennett Jones in connection with these proceedings for the period between May 1, 2021 and August 31, 2021. · start: 2021-05-01 · approval: state: unstated · averages: rate: 578.46 · quote: The average hourly rates for KSV and Bennett Jones for the referenced billing periods were $564.80 and $578.46, respectively. · scope: Bennett Jones · currency: · invoices: · firm text: Bennett Jones LLP · firm quote: Bennett Jones LLP · context quote: counsel for KSV Restructuring Inc.
- recovery outcomeentries: basis: actual · quote: As reflected in the table above, as at the date of this Report, the Monitor has distributed from the Surplus: (a) the full amount owing to 2557725 Ontario Inc.; and (b) approximately $4.4 million, representing 50% of the amounts owing to the other Wang secured creditors. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: monitor · amount low: 4400000 · amount high: 4400000 · class label: other Wang secured creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On certain Non-Applicant properties, all creditors were paid in full. · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: creditors on certain Non-Applicant properties · interim final: unstated · claims qualifier: unstated · stated on: 2021-09-15 · table missing: