Ontario · Bankruptcy
190 – Creditors Package
Meeting materials · 29 March 2021
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- appointeeA. Farber & Partners Inc.
- appointee roleTrustee
- commencement date26 March 2021
- provinceOntario
- statutory basisSubsection 102(1) of the Act
- financial positionnote: Stated deficiency $1,450,833.87 (surplus NIL). Liabilities: unsecured creditors per list A $1,224,306.39; balance of secured claims per list B $226,526.48; total unsecured $1,450,832.87; secured creditors per list B $2,200,006.00; preferred creditors per list C $1.00; contingent per list D $0.00. Assets include accounts receivable estimated to produce $1,750,000.00 (good $1,500,000, doubtful $1,000,000, bad $700,000 as printed), cash $150,000.00, other property per list H $300,004.00. Statement dated as of the 24th day of March 2021; the bankruptcy filing date is March 26, 2021. · as at: 2021-03-24 · basis: Form 78 Statement of Affairs, 'as stated and estimated by the officer' (management estimate), sworn by Robert Bryniak; assets are 'estimated to produce' values · scope: 1908736 Ontario Limited (fka Cole Engineering Group Ltd), single entity · currency: CAD · total assets: 2200006 · total liabilities: 3650839.87