Ontario · Receivership (court-appointed)
Preliminary Report of the Trustee dated April 11, 2007
Court officer report · 11 April 2007
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 filing9 verified
- secured creditorsnote: Per Statement of Affairs list 'B'; security granted within 12-month pre-bankruptcy period, validity not yet reviewed by Trustee · page: 2 · as of: date of bankruptcy (March 20, 2007) · amount: 661305 · debtor: EnerNorth Industries Inc. · creditor: 1211115 Alberta Ltd. · currency: CAD
- secured creditorsnote: Per Statement of Affairs list 'B'; security granted within 12-month pre-bankruptcy period, validity not yet reviewed by Trustee · page: 2 · as of: date of bankruptcy (March 20, 2007) · amount: 95634 · debtor: EnerNorth Industries Inc. · creditor: Remona Moore · currency: CAD
- secured creditorsnote: Per Statement of Affairs list 'B'; security granted within 12-month pre-bankruptcy period, validity not yet reviewed by Trustee · page: 2 · as of: date of bankruptcy (March 20, 2007) · amount: 95634 · debtor: EnerNorth Industries Inc. · creditor: Roger Moore · currency: CAD
- secured creditorsnote: Per Statement of Affairs list 'B'; security granted within 12-month pre-bankruptcy period, validity not yet reviewed by Trustee · page: 2 · as of: date of bankruptcy (March 20, 2007) · amount: 414351 · debtor: EnerNorth Industries Inc. · creditor: WeirFoulds LLP · currency: CAD
- secured creditorsnote: Only additional lessor claimant with a secured claim over a specific asset; Trustee arranged release of estate's interest in the lease · page: 3 · debtor: EnerNorth Industries Inc. · creditor: BMW Finance Inc. · currency: CAD · security: Lease over specific leased vehicle
- secured creditorsnote: Charge is a ceiling for fees/disbursements, not a balance · page: 3 · as of: NOI filing date (February 9, 2007 court order) · amount: 300000 · debtor: EnerNorth Industries Inc. · creditor: Interim Receiver (Zwaig Associates Inc.) - Court-ordered charge · currency: CAD · security: First ranking charge over Company's assets, up to $300,000, for professional fees and disbursements
- unsecured creditorsnote: Document names no individual unsecured creditors except Oakwell (see separate entry); exact SOA figure per amended SOA is $7,349,894.70 (list 'A') · page: 3 · as of: date of bankruptcy (March 20, 2007) · basis: Statement of Affairs as reported (approximately $7.3 million per SOA) · amount: 7300000 · debtor: EnerNorth Industries Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Proof of claim subsequently filed by Oakwell in amount of $6.8 million, a variance of approximately $700,000 from SOA figure; differences not reconciled by Trustee. Underlying claim stems from Singapore Judgment (~US$4.2 million plus interest/costs) and Ontario Order (~$300,000 costs) · page: 6 · as of: Statement of Affairs (as of bankruptcy date, March 20, 2007) · basis: Statement of Affairs as reported (approximately 85% of $7.3 million unsecured debt attributed to Oakwell, ~$6.2 million) · amount: 6200000 · debtor: EnerNorth Industries Inc. · creditor: Oakwell Engineering Limited · currency: CAD
- financial positionnote: SOA shows deficiency of $4,963,184.17 (liabilities exceed assets); Oil and Gas Properties, Mineral Mines and Various Wells values listed as 'unknown'/handwritten annotations; liabilities include unsecured $7,349,894.70, secured $1,266,926.33 (handwritten correction from printed figure), preferred nil, contingent nil · page: 8 · as at: 2007-03-20 · basis: Statement of Affairs (Sec. 158) as stated and estimated by bankrupt, sworn by Sandra Hall, President; amended version · scope: EnerNorth Industries Inc. (entity level, unconsolidated per SOA) · currency: CAD · total assets: 3753636.86 · total liabilities: 8614481.03