Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 21 June 2022
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What we verified from this filing12 verified
- appointeeMNP LTD.
- appointee roleLicensed Insolvency Trustee
- commencement date31 May 2022
- court file no33-2834977
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisSection 67(b), of the Bankruptcy and Insolvency Act
- financial positionnote: Apparent deficit of $709,526.52 reported. Estimated realization is 0% for unsecured creditors per LIT projection; dividend percentage stated as 0%. · page: 3 · as at: 2022-05-31 · basis: Debtor's Sworn Statement of Affairs dated May 31, 2022, with LIT's estimated realization figures for liability components (totals match between both columns; component estimates differ) · scope: Pika Technologies Inc. (single entity, bankrupt estate) · currency: CAD · total assets: 61941 · total liabilities: 771027.52
- secured creditorsnote: Debtor's Sworn Statement of Affairs dated May 31, 2022 listed secured liabilities at $61,501.00; LIT's estimated realization figure of $458,933.75 is used as the reported secured amount from the trustee's own estimate table. · page: 3 · as of: 2022-05-31 · amount: 458933.75 · debtor: Pika Technologies Inc. · creditor: Unnamed secured creditor (GSA holder, per Statement of Affairs) · currency: CAD · security: General Security Agreement (GSA)
- unsecured creditorsnote: Debtor's Sworn Statement of Affairs dated May 31, 2022 reported unsecured liabilities of $681,507.00; the LIT's own estimate of $291,118.17 is used as the reported figure. Document names no individual creditors. Only one proof of claim received (amount not stated) and entered into claims register. · page: 3 · as of: 2022-05-31 · basis: LIT's Estimated Realization and Projected Distribution, prepared as of the bankruptcy assignment date · amount: 291118.17 · debtor: Pika Technologies Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Preferred claims per BIA priority; Debtor's Sworn Statement of Affairs listed $28,019.52 for the same class. Document names no individual creditors. · page: 3 · as of: 2022-05-31 · basis: LIT's Estimated Realization and Projected Distribution · amount: 20975.6 · debtor: Pika Technologies Inc. · creditor: Preferred claimants (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The realization is estimated to be 0%. · pct of: unstated · outcome: nil · pct low: 0 · pct high: 0 · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-06-21 · table missing: