Estate of Paul Michael Eustace
Follow- Proceeding
- BankruptcyPart XIII of the Bankruptcy and Insolvency Act
- File
- 06-CL-6776
Estate of Paul Michael Eustace is the subject of bankruptcy proceedings before the Ontario Superior Court of Justice under Part XIII of the Bankruptcy and Insolvency Act, on the application of C. Clark Hodgson, Jr., in his capacity as court-appointed receiver of Philadelphia Alternative Asset Management Company LLC, and Wasserman Associates Inc. Hodgson is named as foreign representative. The statement of affairs, sworn as at July 8, 2005, reported total assets of $5,429,700.00 against total liabilities of $33,775,445.38, comprising $28,659,445.38 unsecured and $5,116,000.00 secured. Option Capital Fund holds a secured claim of $5,116,000.00 over a Velocity options trading account and an unsecured claim of $28,654,432.51. The matter remains active.
A claims procedure has been established — see the order for deadlines.
The court granted a further interim order on December 7, 2006, the date the proceeding is recorded as commencing.
Source: Recognition Order - Estate of Paul Michael Eustace.pdf
4 earlier updates, back to 7 December 2006 — subscribers.
Undated filings1 — no date appears on the document · show
1 filings carry no date on their face — subscribers.
Debtor
Estate of Paul Michael Eustace
Trustee in bankruptcy
Fuller Landau
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Mesbur | Ontario Superior Court of Justice | 1 order, Dec 2006 | 31 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorU.S | U.S. Receiver, C. Clark Young, LLP | 3 Oct 2005 | Order · 3 Oct 2005 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Option Capital FundEncumbrance over Velocity Options Trading Account — Also holds unsecured claim of $28,654,432.51 against same debtor; account listed as of 01/01/05 — debtor: Paul Michael Eustace · as of 1 Jan 2005 | $5.12M | Notice to Creditors with Statement of Affairs - Estate of Paul Michael Eustace.pdf |
Unsecured creditors: a distribution. Receiver a distribution.EstimatedNotice to Creditors - Estate of Paul Michael Eustace.pdf · 19 Dec 2006
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Eustace's creditors (other than the Receiver) | — | a distribution | Estimatedper the trustee | Notice to Creditors - Estate of Paul Michael Eustace.pdf · 19 Dec 2006 |
| Unsecured | Receiver | — | a distributionconditional | Estimatedper the trustee | Notice to Creditors - Estate of Paul Michael Eustace.pdf · 19 Dec 2006 |
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.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Notice to Creditors - Estate of Paul Michael Eustace.pdf
| PDF · Subscribers | |
Recognition Order - Estate of Paul Michael Eustace.pdf
| PDF · Subscribers | |
| Consent Order - Estate of Paul Michael Eustace.pdf | PDF · Subscribers | |
Order of Superior Court Replacing Trustee - Estate of Paul Michael Eustace.pdf
| PDF · Subscribers | |
First Meeting of Creditors - Estate of Paul Michael Eustace.pdf
| PDF · Subscribers | |
Notice to Creditors with Statement of Affairs - Estate of Paul Michael Eustace.pdf
| PDF · Subscribers | |
| Asset Freeze Order - Estate of Paul Michael Eustace.pdf | PDF · Subscribers | |
| Proof of Claim - Estate of Paul Michael Eustace.pdf | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Estate of Paul Michael Eustace” (Bankruptcy), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/estate-of-paul-michael-eustace