Sam Kotzer Limited

Sam Kotzer Limited's bankruptcy record centres on a Statement of Affairs sworn as at March 21, 2024, disclosing a stated deficiency of $3,191,022.12. Total liabilities of $3,256,022.12 are set against total assets of $65,000.00, consisting entirely of inventory. Liabilities comprise $334,739.11 in unsecured claims, $65,000.00 in secured claims covered by security, and $2,800.01 in preferred wage and rent claims. Two secured creditors hold inventory security: Nizza Enterprises Limited's $2,918,482.00 claim is covered to $65,000.00, leaving a $2,853,482.00 unsecured deficiency, while BMO Bank of Montreal's $1.00 claim is covered by security valued at $0.00, leaving the full amount unsecured. No contingent or trust liabilities were reported.