Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 20 October 2025
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What we verified from this filing2 verified
- fee scheduleengagements: form: time_summary · rows: · money: approximate: false · period: kind: unstated · label: the Period · quote: This represents a total of 131 hours at an average hourly rate of $596. · approval: state: unstated · averages: rate: 596 · quote: The average hourly rate billed by the Monitor during the Period is $596. · currency: · invoices: · firm text: BDO Canada Limited · firm quote: I am a Partner of BDO Canada Limited (' BDO '), and as such have personal knowledge of the matters referred to herein. · hours total: quote: This represents a total of 131 hours at an average hourly rate of $596. · value: 131 · context quote: As CCAA Monitor of the Applicants, and; form: invoice_listing · rows: · money: approximate: false · period: end: 2025-09-17 · kind: invoice · quote: Attached hereto as Exhibit 'A' are true copies of Gowling's accounts rendered to the Monitor for services billed during the period of August 31, 2025 to September 17, 2025. · start: 2025-08-31 · approval: state: unstated · averages: rate: 1007.76 · quote: Gowlings incurred a total of 114.9 hours at an average hourly rate of $1,007.76. · currency: · invoices: · firm text: Gowling · firm quote: Attached hereto as Exhibit 'A' are true copies of Gowling's accounts rendered to the Monitor for services billed during the period of August 31, 2025 to September 17, 2025. · hours total: quote: represents a total of 114.9 hours at an average hourly rate of $1,007.76. · value: 114.9 · context quote: Gowlings incurred a total of 114.9 hours at an average hourly rate of $1,007.76.
- recovery outcomeentries: basis: estimated · quote: The Monitor anticipates the Sale Proceeds will be exhausted by payment in part of the Secured BMO Debt, for which there will be a significant shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured BMO Debt · creditor name: BMO · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Since the proceeds from the Continuing EBCL Projects were limited to $3,250,000, not all of which has been collected yet, and since these funds will be exhausted by the CRA's Pre-Filing Source Deductions claim, the Administration Charge claims, and the DIP Lender's Charge claims, all of which are in priority to the Lien Charge, no amount will be available for distribution on account of any remaining Lien Charge claims. · pct of: unstated · outcome: nil · stated by: monitor · class label: remaining Lien Charge claims · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-20 · table missing: