D.R. Precision Homes Inc.
Follow- Proceeding
- BankruptcySection 49 of the Act; Rule 85
- File
- 32-2978500
D.R. Precision Homes Inc. filed an assignment in bankruptcy on August 23, 2023, commencing proceedings under the Bankruptcy and Insolvency Act in Ontario under estate number 32-2978500, with MNP Ltd. as trustee. The Statement of Affairs put the estate's assets at $310, being the estimated liquidation value of cash held in a bank account, against unsecured claims of $182,965.90. Proofs of claim filed to September 13, 2023 total $386,277.50 as proven and filed, above the Statement of Affairs figure. Secured and preferred claims are nil on both the Statement of Affairs and the proven and filed tally, and a search of PPSA registrations found no creditors appearing to hold valid security over the company's assets. The estate remains active.
Company filed an assignment in bankruptcy, opening the estate under MNP Ltd. as trustee and fixing the date from which the creditors' meeting proceeds.
Source: Creditor's Package
Debtor
D.R. Precision Homes Inc.
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate as reported) · in 532 casesas of Statement of Affairs — Document names no individual creditors; proofs filed to September 13, 2023 total $386,277.50, labelled as proven & filed amount (higher than Statement of Affairs figure). — debtor: D.R. Precision Homes Inc. | $183K | Trustee's Preliminary Report |
Unsecured creditors: no distribution.EstimatedTrustee's Preliminary Report · 13 Sep 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | any creditors of the Company | — | no distribution | Estimatedper the trustee | Trustee's Preliminary Report · 13 Sep 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
per Statement of Affairs - estimated liquidation value of cash held in bank account · entity - D.R. Precision Homes Inc. — Search of PPSA registrations found 'there do not appear to be any creditors with valid security over the assets of the Company'; Secured claims per Statement of Affairs and Proven & Filed both Nil; Preferred claims per Statement of Affairs and Proven & Filed both Nil.
| Date | Document | File |
|---|---|---|
Trustee's Preliminary Report
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Creditor's Package
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Certificate of Appointment
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “D.R. Precision Homes Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/dr-precision-homes-inc