Sun Country Mortgage Investment Corporation
Follow- Proceeding
- BankruptcyBIA
- File
- 25-2218907
Sun Country Mortgage Investment Corporation has been in bankruptcy under the BIA since February 16, 2017, with MNP Ltd. as trustee, in the Court of King's Bench of Alberta under court file 25-2218907. The estate remains active. The Statement of Affairs, prepared from the company's internally prepared, unaudited financial statements as at February 15, 2017, shows total assets of $4,335,960 against total liabilities of $5,505,579, comprising secured claims of $1,771,500 and unsecured claims of $3,734,079, with nil preferred and nil contingent. Proofs of claim filed as at 8:00 a.m. on March 8, 2017 total $4,270,476.94, made up of eight unsecured claims of $3,235,724.94 and one contingent claim of $1,034,752. The trustee is not aware of any first-ranking secured claims under s. 81.3(1) of the BIA or any deemed trust claims, and estimated realization for unsecured creditors from most assets is stated as unknown.
A claims procedure has been established — see the order for deadlines.
MNP Ltd. reported on the estate, setting out the February 15, 2017 Statement of Affairs figures and the claims filed as at March 8, 2017, with realization for unsecured creditors from most assets unknown.
Source: Trustee's Preliminary Report
A second court officer report filed, dated to the day recorded as the commencement of the proceeding, 16 February 2017.
Debtor
Sun Country Mortgage Investment Corporation
Trustee in bankruptcy
MNP
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Unsecured | Unsecured creditors (aggregate per Statement of Affairs) · in 532 casesDocument names no individual unsecured creditors; 8 claims filed totalling $3,235,724.94 as at March 8, 2017 8:00am, noted as proofs-filed figure distinct from SofA amount. — debtor: Sun Country Mortgage Investment Corporation · as of 15 Feb 2017 | $3.73M | Trustee's Preliminary Report |
| Unsecured | Contingent claimant (aggregate, unnamed)Contingent claim class; 1 claim filed; not included in SofA figures (SofA shows $0 for contingent). Document names no individual creditor. — debtor: Sun Country Mortgage Investment Corporation · as of 8 Mar 2017 | $1.03M | Trustee's Preliminary Report |
As at 15 Feb 2017 · per Statement of Affairs, based on Bankrupt's internally prepared, unaudited financial statements as at February 15, 2017; not necessarily indicative of realizable or liquidation value · Sun Country Mortgage Investment Corporation, entity-level (the bankrupt estate) — Total liabilities per SofA breakdown: Secured $1,771,500; Preferred $0; Unsecured $3,734,079; Contingent $0; total $5,505,579. Separately, claims filed as at March 8, 2017 (8 unsecured + 1 contingent) totalled $4,270,476.94. Trustee not aware of any first-ranking secured claims under s.81.3(1) BIA or any deemed trust claims. Estimated realization for unsecured creditors from most assets stated as 'unknown'.
| Date | Document | File |
|---|---|---|
Fourth Report of the Trustee
| ||
| Third Report of the Trustee | ||
| Second Report of the Trustee | ||
First Report of the Trustee with appendices
| ||
Trustee's Preliminary Report
| ||
| Certificate of Appointment | ||
| Certificate of Appointment amended | ||
| Form 21 - Assignment for the general benefit of creditors | ||
| Form 31 - Proof of Claim | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Sun Country Mortgage Investment Corporation” (Bankruptcy), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/sun-country-mortgage-investment-corporation