Quebec · Bankruptcy
Trustee’s Report to the First Meeting of Creditors – dated December 20, 2023
Court officer report · 20 December 2023
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 filing2 verified
- financial positionnote: Book value totals: Assets $2,454K (Cash $314K, A/R $1,000K, Real Property $1,100K, Furniture $40K) / Liabilities $27,294K (Secured $20,617K, Preferred $17K, Unsecured $6,660K, Contingent $0). Estimated realizable value totals: Assets $2,418K (Furniture reduced to $4K) / Liabilities $27,294K. Surplus (Deficiency): $(24,840)K book value / $(24,876)K realizable value. Trustee notes accounts receivable and other Company-provided figures are unreliable due to fraud. · as at: 2023-11-30 · basis: Statement of Affairs prepared from information provided pursuant to the sworn declaration of Samir Hanna; not validated by the Trustee; figures shown at both book value and estimated realizable value · scope: Lexus Travel Inc./Voyages Lexus Inc. (the Bankrupt), single entity, per Statement of Affairs as at the date of bankruptcy · currency: CAD · total assets: 2454000 · total liabilities: 27294000
- recovery outcomeentries: basis: estimated · quote: As of the date hereof, based on the estimated realizable value of the assets and the amounts due to the secured creditors, the Trustee does not anticipate that there will be any dividends available to the preferred and ordinary creditors. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred and ordinary creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-12-20 · table missing: