Alberta · Proposal
First Report of the Proposal Trustee
Court officer report · 7 February 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing8 verified
- secured creditorsnote: Amounts owed to individuals who agreed to lend funds to the Company on a secured basis; document states 'approximately $715,400' and names no individual creditors; Proposal Trustee has not conducted a security review of any of the amounts owed to any of the secured creditors. · page: 7 · as of: 2024-01-31 · amount: 715400 · debtor: Tool Shed Brewing Company Inc. · creditor: Individual secured lenders (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Prose in the report approximates this figure at $2.75 million (principal and interest due to individual unsecured lenders); table figure used as the precise stated amount. · page: 8 · as of: 2024-01-31 · basis: Company estimate of unsecured claims, per table titled 'Unsecured creditors, As at January 31, 2024', which the Proposal Trustee was in process of confirming against Company books and records · amount: 2750820 · debtor: Tool Shed Brewing Company Inc. · creditor: Individual lenders · currency: CAD
- unsecured creditorsnote: Prose approximates this figure at $1.1 million for accounts payable due to trade creditors; document names no individual trade creditors. · page: 8 · as of: 2024-01-31 · basis: Company estimate of unsecured claims, per table titled 'Unsecured creditors, As at January 31, 2024' · amount: 1083395 · debtor: Tool Shed Brewing Company Inc. · creditor: Accounts Payable (trade creditors) · currency: CAD
- unsecured creditorsnote: Deemed trust class - unpaid payroll source deductions; subject of a Requirement to Pay notice; prose approximates this figure at $571,100. · page: 8 · as of: 2024-01-31 · basis: Company estimate of unsecured claims, per table titled 'Unsecured creditors, As at January 31, 2024' · amount: 571091 · debtor: Tool Shed Brewing Company Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Prose approximates this figure at $14,100; no indication in the document that this claim is treated as preferred. · page: 8 · as of: 2024-01-31 · basis: Company estimate of unsecured claims, per table titled 'Unsecured creditors, As at January 31, 2024' · amount: 14058 · debtor: Tool Shed Brewing Company Inc. · creditor: Landlord · currency: CAD
- purchaser258
- sale outcometext: The Proposal Trustee is recommending that the Court approve the SISP with the Stalking Horse Agreement as a stalking horse bid · scope: whole_business · status: process_approved
- stalking horse258 (1215000)