Ontario · Bankruptcy
Report of the Trustee to Creditors on Preliminary Administration dated January 4, 2012
Court officer report · 4 January 2012
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What we verified from this filing8 verified
- appointeeDuff & Phelps Canada Restructuring Inc.
- commencement date9 December 2011
- provinceOntario
- appointee roleTrustee
- cash on handnote: Cash comprised multiple amounts and currencies (CAD and USD) deposited/transferred to the estate account; not stated as a single cumulative figure. · as at: 2011-12-12 · currency: CAD · qualifier: approximately
- financial positionnote: Liabilities not summed by Trustee: preferred claims $22,568 and regular unsecured claims $412,395 filed as of report date; WEPPA priority claim of $1,190 and landlord preferred claim of $17,130 also possible. Asset components (C$000s): Cash 241, Liquidity reserve 100, Loans receivable 378, Shares/investment 11, Fixed assets 7, total 737. · as at: 2011-12-09 · basis: Company's statement of affairs (SOA), approximate book value · scope: entity - Margosa Credit Union Limited · currency: CAD · total assets: 737000
- operational summaryMargosa ceased normal operations after being placed under DICO administration and subsequently assigned into bankruptcy; the Trustee is now realizing on the estate's assets, with DICO acting as agent to collect outstanding loans on the estate's behalf.
- report date4 January 2012