Ontario · Receivership (court-appointed)
Third Report of the Receiver dated March 22, 2021
Court officer report · 22 March 2021
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What we verified from this filing6 verified
- fee scheduleengagements: form: report_table · rows: · money: · period: end: 2020-12-24 · kind: invoice · label: the period ended December 24, 2020 · quote: For the period ended December 24, 2020 · approval: state: unstated · averages: rate: 501.86 · quote: The average hourly rate for the Receiver and Norton Rose for the referenced billing period was C$501.86 and C$676.76, respectively. · scope: the Receiver · currency: code: CAD · quote: C$501.86 · invoices: · firm text: KSV Restructuring Inc. · firm quote: KSV Restructuring Inc. ('KSV') as the receiver (in such capacity, the 'Receiver') · context quote: The average hourly rate for the Receiver and Norton Rose for the referenced billing period was C$501.86 and C$676.76, respectively.; form: report_table · rows: · money: · period: end: 2020-12-24 · kind: invoice · label: the period ended December 24, 2020 · quote: For the period ended December 24, 2020 · approval: state: unstated · averages: rate: 676.76 · quote: The average hourly rate for the Receiver and Norton Rose for the referenced billing period was C$501.86 and C$676.76, respectively. · scope: Norton Rose · currency: code: CAD · quote: C$676.76 · invoices: · context quote: The average hourly rate for the Receiver and Norton Rose for the referenced billing period was C$501.86 and C$676.76, respectively. · firm unverified: true
- operational summaryThe Company is largely inactive with insignificant business activity and limited bank account activity, and there is essentially no prospect of recovery from its property; the Receiver recommends termination of the receivership and its discharge.
- professional feesnote: Excludes disbursements and HST; Norton Rose's fees for the same period total C$16,851.50, excluding disbursements and HST; a Fee Accrual of C$50,000 is also proposed to completion of proceedings. · party: Receiver (KSV Restructuring Inc.) · amount: 136833 · period: commencement of the receivership to January 31, 2021 · currency: CAD
- receipts cumulativenote: Accounts receivable collections during the receivership; approximate figure. · since: commencement of the receivership · amount: 4700 · currency: CAD
- report date22 March 2021
- report noThird Report