Proceedings.

What the professionals charged

3,597 bills from 234 firms on 874 matters · 9,084 stated hourly rates · as the filings state them

The rate ladder, drawn to scaleThe ladder

CAD · standard rates · drawn at 12 or more

Each bar runs from the 25th to the 75th percentile of the stated standard hourly rates in the band, with the median marked — the bar and its three figures are for subscribers. One observation per person per rate, Canadian dollars, undiscounted, on matters with no recognition proceeding.A band with fewer than 12 observations draws nothing.

The rate ladder is drawn for subscribers — the 25th, median and 75th percentile of 9,084 stated hourly rates, band by band. The bands and their counts are open to everyone.

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451500 of 632 stated rates · KSV Restructuring Inc.
PersonFirmCasePeriodRate Source
Noah GoldsteinManaging Director · officers of the court · partner · Overall responsibilityKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Dec 2024•••Second Report of the Receiver dated January 21, 2025
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Nov – 30 Nov 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Nov – 30 Nov 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinOverall responsibilityKSV Restructuring Inc.ReceiverChurchill Lands United Inc.ON · closedto 19 Nov 2024•••Motion Record of the Receiver dated November 26, 2024
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Oct – 31 Oct 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Oct – 31 Oct 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Oct 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Sep – 30 Sep 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Sep – 30 Sep 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closed1 Aug – 30 Sep 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Aug – 31 Aug 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Aug – 31 Aug 2024•••Tenth Report of the Monitor dated May 28, 2025
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Jul – 31 Jul 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closedto 31 Jul 2024•••Motion Record of the Receiver dated January 21, 2025 - Part…
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Jul – 31 Jul 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinOverall ResponsibilityKSV Restructuring Inc.MonitorBioSteelON · closed1 Mar – 15 Jul 2024•••Sixth Report of the Monitor dated July 24, 2024
Noah GoldsteinKSV Restructuring Inc.MonitorBioSteelON · closedto 15 Jul 2024•••Sixth Report of the Monitor dated July 24, 2024
David SieradzkiKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Jun – 30 Jun 2024•••Tenth Report of the Monitor dated May 28, 2025
Noah GoldsteinKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON1 Jun – 30 Jun 2024•••Tenth Report of the Monitor dated May 28, 2025
David SieradzkiKSV Restructuring Inc.Information officerKidKraft, Inc., Solowave Design Holdings Limited, Solowave Design Inc., Solowave International Inc. and Solowave Design LPON · closed1 Jun – 24 Jun 2024•••Second Report of the Information Officer dated June 27, 2024
David SieradzkiKSV Restructuring Inc.Information officerKidKraft, Inc., Solowave Design Holdings Limited, Solowave Design Inc., Solowave International Inc. and Solowave Design LPON · closedto 31 May 2024•••Second Report of the Information Officer dated June 27, 2024
Noah GoldsteinKSV Restructuring Inc.MonitorBioSteelON · closedto 30 Apr 2024•••Sixth Report of the Monitor dated July 24, 2024
Noah GoldsteinKSV Restructuring Inc.MonitorBioSteelON · closedto 31 Mar 2023•••Sixth Report of the Monitor dated July 24, 2024
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON1 Dec – 31 Dec 2021•••Fifty-First Report of the Monitor dated March 22, 2022
Robert KofmanKSV Restructuring Inc.ReceiverConvention & Trade Show Electrical Services Ltd.ON · closed1 Nov – 30 Nov 2021•••Motion Record returnable July 8, 2022
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON1 Oct – 31 Oct 2021•••Fiftieth Report of the Monitor dated November 22, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Sep – 31 Oct 2021•••Sixth Report of the Monitor dated November 10, 2021
Robert KofmanManaging Director · officers of the court · partner · Overall responsibilityKSV Restructuring Inc.MonitorUrbancorp GroupON1 Aug – 31 Oct 2021•••Fiftieth Report of the Monitor dated November 22, 2021
Robert KofmanKSV Restructuring Inc.ReceiverConvention & Trade Show Electrical Services Ltd.ON · closed13 Sep – 31 Oct 2021•••Motion Record returnable July 8, 2022
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON1 Sep – 30 Sep 2021•••Fiftieth Report of the Monitor dated November 22, 2021
Robert KofmanKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Sep – 30 Sep 2021•••Sixth Report of the Monitor dated November 10, 2021
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON1 Aug – 31 Aug 2021•••Fiftieth Report of the Monitor dated November 22, 2021
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupONto 30 Jun 2021•••Forty-Eighth Report of the Monitor dated August 23, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 May – 31 May 2021•••Fourth Report of the Monitor dated June 18, 2021
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupONto 30 Apr 2021•••Forty-Eighth Report of the Monitor dated August 23, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Apr – 30 Apr 2021•••Fourth Report of the Monitor dated June 18, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Mar – 31 Mar 2021•••Fourth Report of the Monitor dated June 18, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Feb – 28 Feb 2021•••Fourth Report of the Monitor dated June 18, 2021
Robert KofmanOverall responsibilityKSV Restructuring Inc.Proposal trusteeForme Development Group Inc.ON · closed1 Jan – 31 Jan 2021•••Motion Record of the Monitor returnable February 25, 2021 -…
Robert KofmanOverall responsibilityKSV Restructuring Inc.MonitorMetro 360 General Partnership (Rosebud Creek Financial Corp. and 957855 Alberta Ltd.)ON1 Jan – 31 Jan 2021•••Fourth Report of the Monitor dated June 18, 2021
David SieradzkiOverall responsibilityKSV Restructuring Inc.Information officerKidKraft, Inc., Solowave Design Holdings Limited, Solowave Design Inc., Solowave International Inc. and Solowave Design LPON · closed•••Second Report of the Information Officer dated June 27, 2024
Jason KnightManaging Director · officers of the court · partnerKSV Restructuring Inc.Capacity not stated2597427 Alberta Ltd.AB · closed•••Fee Affidavit of J. Knight sworn July 6, 2026
Noah GoldsteinOverall ResponsibilityKSV Restructuring Inc.MonitorLoyaltyOne, Co. (dba AIR MILES®)ON•••Fourteenth Report of the Monitor - KSV Restructuring Inc. -…
Noah GoldsteinManaging Director · officers of the court · partner · Overall responsibilityKSV Restructuring Inc.Receiver111 Sherwood Investments Inc.ON · closed•••Motion Record of the Receiver dated January 21, 2025 - Part…
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON•••Sixty-First Report of the Monitor dated January 22, 2025
Robert KofmanTasks related to all sections noted above completed by the ReceiverKSV Restructuring Inc.ReceiverXela Enterprises Ltd.ON•••Costs Outline of the Receiver dated March 22, 2022
Robert KofmanManaging Director · officers of the court · partnerKSV Restructuring Inc.MonitorUrbancorp GroupON1 Nov 2022 – 28 Feb 2023•••Fifty-Sixth Report of the Monitor dated March 16, 2023
Robert KofmanManaging Director · officers of the court · partnerKSV Restructuring Inc.MonitorUrbancorp Management Inc.ON1 Nov 2022 – 28 Feb 2023•••Second Report as Trustee dated March 16, 2023
Robert KofmanKSV Restructuring Inc.MonitorUrbancorp GroupON1 Nov – 31 Dec 2022•••Fifty-Sixth Report of the Monitor dated March 16, 2023
Robert KofmanKSV Restructuring Inc.MonitorPure Gold Mining Inc.BC · closed1 Dec – 31 Dec 2022•••Second Report of the Monitor dated January 18, 2023

What a bill looks likeBenchmarks

Measured across the record

A partner's hour

•••

median of each bill's top standard rate, 2026, over 178 bills; 195 in 2025

The blended rate, stated

•••

median of the average hourly rates filings state outright, counsel, over 945 bills. A further 74 bills state fees and hours and no rate; that quotient is kept as its own series and never mixed in.

Counsel by year of call

•••

median standard rate by years since call — 0-4 years (224), 5-9 years (151), 10-19 years (212), 20+ years (264)

Where the rates are

3,597 bills

monitor 591 · receiver 1,013 · interim receiver 38 · trustee 64 · …

Who bills these estatesWho bills

Named in the filings
  1. KSV Restructuring Inc.Information officer · Interim receiver · Monitor · Proposal trustee · Receiver · Trustee · 108 matters354
  2. Deloitte Restructuring Inc.Interim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 64 matters191
  3. MNP Ltd.Interim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 96 matters182
  4. FTI Consulting Canada Inc.Information officer · Monitor · Receiver · 49 matters181
  5. Ernst & Young Inc.Information officer · Monitor · Proposal trustee · Receiver · 42 matters136
  6. Cassels Brock & Blackwell LLPCounsel · 45 matters129
  7. BDO Canada LimitedInterim receiver · Liquidator · Monitor · Proposal trustee · Receiver · Trustee · 68 matters122
  8. Aird & Berlis LLPCounsel · 61 matters103
  9. Alvarez & Marsal Canada Inc.Information officer · Liquidator · Monitor · Proposal trustee · Receiver · 41 matters91
  10. PricewaterhouseCoopers Inc.Information officer · Monitor · Proposal trustee · Receiver · Trustee · 30 matters74
  11. Grant Thornton LimitedInterim receiver · Monitor · Proposal trustee · Receiver · Trustee · 35 matters67
  12. Dentons Canada LLPCounsel · 31 matters62

Bills, counted one per firm per period however many filings restate it. 234 firms appear in the record; these are the 12 with the most.

How to read thisMethod

The frame. Every figure here comes from a fee affidavit, a passing of accounts, a motion record or an officer's report that a court file holds — fees that were filed for approval, which skews to the larger, longer and more contested mandates. It is not a survey of all insolvency work.

The series. The ladder and the tiles use standard hourly rates of named people, in Canadian dollars, on bills with no courtesy discount and on matters with no recognition proceeding. Discounted bills, stated averages and the rare bill that states fees and hours but no rate are kept as separate series and never mixed in. Nothing is drawn from fewer than 12 observations.

What it is not. A court does not test a bill by hours × rate; it asks what value was delivered (Bank of Nova Scotia v. Diemer, 2014 ONCA 851). This page shows what comparable mandates charged, never what a bill should have been. The record holds sixteen Québec fee documents and no French rate tables; it is not a benchmark for Québec.

Every fact carries its document. Each bill and each rate links to the filing that states it; each benchmark cell can be traced to the rates it was computed from through the rates view.

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.