British Columbia · Bankruptcy
Trustee's Preliminary Report
Court officer report · 27 June 2023
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What we verified from this filing14 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date12 June 2023
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file no11-2953963
- proceeding typebia_bankruptcy
- statutory basisBankruptcy and Insolvency Act
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Assets: Accounts Receivable $105,000.00 (from related company Enterprise Cyper Inc., no realization expected), Cash $100.00, Machinery & Equipment $1.00, total $106,001.00. Liabilities per Statement of Affairs table: Secured $40,598.00, Preferred Nil, Unsecured $47,910.01, Total $88,610.01. Claims Filed as of report date total $55,363.68 (Secured Nil, Unsecured $55,363.68). · page: 2 · basis: Statement of Affairs filed in the bankruptcy · scope: Cyper West Technology Inc. (entity level, bankrupt estate) · currency: CAD · total assets: 106001 · total liabilities: 88610.01
- secured creditorsnote: Despite holding a registered GSA, TD Bank submitted an unsecured proof of claim of $44,223.99; Statement of Affairs listed secured creditors at $40,598.00 but Filed claims show Nil secured. Classification uncertain per document's own figures. · page: 3 · as of: 2023-06-06 · debtor: Cyper West Technology Inc. · creditor: Toronto Dominion Bank · currency: CAD · security: Registered general security agreement over all personal property and proceeds thereof (BC PPR search)
- unsecured creditorsnote: Deemed trust class, ranks in priority to all other creditors; approx. $700.00 per Company's internal balance sheet; no proof of claim received from CRA as of report date; amount unconfirmed. · page: 3 · basis: Deemed trust claim for unremitted payroll source deductions · debtor: Cyper West Technology Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Filed as unsecured proof of claim despite holding a registered GSA over all personal property. · page: 3 · as of: date of proof of claim filing · basis: Proof of claim filed · amount: 44223.99 · debtor: Cyper West Technology Inc. · creditor: Toronto Dominion Bank · currency: CAD
- unsecured creditorsnote: Document names no individual unsecured creditors. Note: Statement of Affairs table on page 3 shows unsecured creditors of $47,910.01 (SOA) vs $55,363.68 (claims filed), totals differ slightly ($88,610.01 total per table vs $88,508.01 stated in Unsecured Creditors section) — likely minor discrepancy in source document. · page: 4 · as of: Statement of Affairs filing · basis: Statement of Affairs as reported · amount: 88508.01 · debtor: Cyper West Technology Inc. · creditor: Unsecured creditors (aggregate as reported in Statement of Affairs) · currency: CAD
- provinceBritish Columbia