Ontario · Bankruptcy
Trustee's Preliminary Report dated May 9, 2025.pdf
Court officer report · 9 May 2025
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What we verified from this filing12 verified · 1 withheld
- appointeeGrant Thornton Limited
- appointee roletrustee in bankruptcy
- commencement date23 April 2025
- court file no32-3214554
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- statutory basissection 49 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3
- cash on handnote: Stated as no cash on hand as at the date of bankruptcy. · as at: 2025-04-23 · amount: 0 · currency: CAD
- financial positionnote: Assets not summed by Trustee: estimated realizable inventory ~$31,100, furniture ~$3,800, machinery/equipment ~$7,435, all as at date of bankruptcy (April 23, 2025); no real estate, accounts receivable, or other assets/cash. Liabilities per SOA: secured $42,335, unsecured $182,165, total $224,500 (as at bankruptcy date); per Proofs of Claim filed as at May 9, 2025: secured $0, unsecured $81,707, total $81,707. · basis: Per Statement of Affairs (SOA) and Proofs of Claim filed · scope: Jar Consulting Inc. (single entity) · currency: CAD · total liabilities: 224500
- recovery outcomeentries: basis: estimated · quote: Based on the estimated value of the Company's assets of approximately $42,335 and the claims of the primary secured creditor, the Trustee is of the view that it is unlikely that there will be sufficient funds to make a distribution to the unsecured creditors identified in the SOA. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors identified in the SOA · interim final: unstated · claims qualifier: unstated · stated on: 2025-05-09 · table missing:
- report date9 May 2025
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.