Ontario · Proposal
Report of Trustee to Creditors dated June 12, 2017
Court officer report · 12 June 2017
Also filed as: Report of Trustee to Creditors dated June 12, 2017
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 filing16 verified · 5 withheld
- appointeeMNP Ltd.
- appointee roleTrustee
- courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY)
- court file no31-2249027
- proceeding typebia_proposal
- provinceONTARIO
- statutory basisSection 50(5) of the Bankruptcy and Insolvency Act
- commencement date8 May 2017
- financial positionnote: Total liabilities comprised of Secured $240,899 + Preferred (Unknown) + Unsecured $1,050,012 = $1,290,911 as stated in document · page: 4 · as at: 2017-06-05 · basis: Statement of Affairs (SOA); unaudited, draft financial information relied upon by Trustee · scope: Entity - 1821372 Ontario Limited carrying on business as Kennedy Public House · currency: CAD · total assets: 50100 · total liabilities: 1290911
- secured creditorsnote: Per Statement of Affairs as at June 5, 2017 · page: 4 · as of: 2017-06-05 · amount: 1 · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: National Leasing · currency: CAD
- secured creditorsnote: Per Statement of Affairs as at June 5, 2017 · page: 4 · as of: 2017-06-05 · amount: 1 · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: Bodkin Capital Corporation · currency: CAD
- secured creditorsnote: Per Statement of Affairs as at June 5, 2017 · page: 4 · as of: 2017-06-05 · amount: 31832 · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: Ontario Ministry of Finance (MF) · currency: CAD · security: Secured in respect of outstanding employer health tax
- secured creditorsnote: Deemed trust class claim; per Statement of Affairs · page: 4 · as of: 2017-06-05 · amount: 209065 · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Secured in respect of outstanding source deductions
- unsecured creditorsnote: Preferred claim per BIA; amount stated as 'Unknown' in SOA classification table · page: 4 · basis: Trustee's report noting a potential obligation · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: Landlord (percentage rent arrears) - potential preferred claim · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors · page: 4 · as of: 2017-06-05 · basis: Statement of Affairs as at June 5, 2017 (SOA Amount) · amount: 1050012 · debtor: 1821372 Ontario Limited (Kennedy Public House) · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: liquidation_alternative · quote: In the event of a liquidation or immediate bankruptcy, the Debtor's assets would in all likelihood be insufficient to satisfy its Secured Creditor claims and therefore there would be no distribution to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · table missing:
5 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.