Ontario · Bankruptcy
Trustee's Preliminary Report - Canadian Logistics House Inc.
Court officer report · 9 October 2025
What we verified from this filing8 verified
- court file no31-3277814
- provinceOntario
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date26 September 2025
- financial positionnote: Assets consist solely of cash on hand ($137,371); no other assets reported. Liabilities per SOA: Secured $10,000,000, Unsecured $70,179, Preferred Nil, Total $10,070,179. · page: 4 · as at: 2025-09-26 · basis: Statement of Affairs (unaudited, debtor books and records) · scope: Canadian Logistics House Inc. (entity-level, bankrupt estate) · currency: CAD · total assets: 137371 · total liabilities: 10070179
- secured creditorsnote: Amount per Statement of Affairs dated September 26, 2025; no Proofs of Claim filed as of October 9, 2025 (claims as filed: Nil). Receiver/Trustee opinion confirms Bank holds valid, enforceable, first-ranking security. · page: 4 · as of: 2025-09-26 · amount: 10000000 · debtor: Canadian Logistics House Inc. · creditor: Canadian Western Bank (now National Bank of Canada) · currency: CAD · security: First ranking security over all of the Property (per legal opinion of Jaffe and Peritz LLP)
- recovery outcomeentries: basis: estimated · quote: Since the Bank will suffer a significant shortfall on its security, the Trustee does not foresee any recovery to the unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: the Bank · creditor name: Canadian Western Bank (now National Bank of Canada) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Since the Bank will suffer a significant shortfall on its security, the Trustee does not foresee any recovery to the unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-10-09 · table missing: