Ontario · Receivership (court-appointed)
Motion Record of the Receiver dated January 7, 2025
Application / notice of application · 7 January 2025
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What we verified from this filing4 verified
- courtSUPERIOR COURT OF JUSTICE
- court file noCV-24-00717051-00CL
- fee scheduleengagements: form: report_table · rows: · money: approximate: false · period: end: 2024-12-31 · kind: interim · label: the Period · quote: For the Period from August 14, 2024 to December 31, 2024 · start: 2024-08-14 · approval: state: unstated · averages: rate: 487.19 · quote: The average hourly rate for the Receiver, Chaitons and Fasken for the referenced billing period was $487.19, $546.67 and $806.61, respectively · scope: Receiver · currency: · invoices: · firm text: KSV Restructuring Inc. · firm quote: Lawyers for KSV Restructuring Inc., in its capacity as Court-Appointed Receiver · context quote: Lawyers for KSV Restructuring Inc., in its capacity as Court-Appointed Receiver; form: prose · rows: · money: tax: label: HST · quote: HST of $5,355.57 · amount: 5355.57 · fees: quote: comprised of fees of $41,055.00 · amount: 41055 · total: quote: totalling $46,644.37 (comprised of fees of $41,055.00, disbursements of $233.80 and HST of $5,355.57) · amount: 46644.37 · includes tax: true · includes disbursements: true · approximate: false · disbursements: quote: disbursements of $233.80 · amount: 233.8 · period: end: 2024-12-31 · kind: interim · quote: for the time period commencing August 15, 2024 and ending December 31, 2024 · start: 2024-08-15 · approval: state: unstated · averages: rate: 546.67 · quote: The average hourly rate for the Receiver, Chaitons and Fasken for the referenced billing period was $487.19, $546.67 and $806.61, respectively · scope: Chaitons · currency: · invoices: · firm text: Chaitons LLP · firm quote: CHAITONS LLP · context quote: Attached hereto and marked as Exhibit 'A' are copies of the accounts issued by Chaitons to the Receiver for the time period commencing August 15, 2024 and ending December 31, 2024; form: report_table · rows: · money: approximate: false · period: end: 2024-12-31 · kind: invoice · quote: for the period from November 6, 2024 through December 31, 2024 · start: 2024-11-06 · approval: state: unstated · averages: rate: 806.61 · quote: The average hourly rate for the Receiver, Chaitons and Fasken for the referenced billing period was $487.19, $546.67 and $806.61, respectively · scope: Fasken · currency: · invoices: · firm text: Fasken · firm quote: Fasken · hours total: quote: 20.5 hours were incurred by Fasken, for the period from November 6, 2024 through December 31, 2024 · value: 20.5 · context quote: Attached hereto as Exhibit 'A' is a true copy of the statement of account of Fasken in respect of services rendered to the Receiver for the period from November 6, 2024 through December 31, 2024
- recovery outcomeentries: basis: estimated · quote: MarshallZehr will suffer a shortfall on the net sale proceeds from the Transaction; and · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: MarshallZehr · creditor name: MarshallZehr Group Inc. · interim final: unstated · related party: false · claims qualifier: unstated; basis: unstated · quote: As the purchase price is less than the balance owing to MarshallZehr, there will be no distributions available to other creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: other creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-01-07 · table missing: