Ontario · NOI
Trustee Preliminary Report
Court officer report · 12 June 2025
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
- closing confirmedscope: substantially all of the Company's assets · outcome: completed · effective: 2025-05-02 · purchaser: Genco International Ltd. · date basis: stated · approval order date: 2025-05-02
- financial positionnote: Document states 'there are no realizable assets available to the estate' as substantially all assets were sold to the Purchaser. Liabilities per Statement of Affairs: Secured NIL, Preferred NIL, Unsecured $5,848,687.75, Contingent NIL, Total $5,848,687.75; amount actually filed with Trustee to date was $752,733.67 (Unsecured) / $752,733.67 (Total). · basis: Statement of Affairs · scope: entity (1973862 Ontario Inc., fka Kroeger Inc.) · currency: CAD · total liabilities: 5848687.75
- process resultsbids: 0 · note: Following an extensive process, no bids were received; Genco was deemed successful bidder as stalking horse. · qualified bids: 0
- purchaserGenco International Ltd.
- sale outcometext: substantially all of the Company's assets were vested in Genco · scope: whole_business · status: closed
- stalking horseGenco International Ltd.