Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 28 May 2026
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 filing9 verified
- appointeeMNP Ltd.
- appointee roleTrustee of the Estate of the Bankrupt
- commencement date5 May 2026
- court file no31-3356419
- proceeding typebia_bankruptcy
- provinceONTARIO
- statutory basisBankruptcy and Insolvency Act
- financial positionnote: Assets per SOA: Intercompany Loans $1.00; Real Property $1,800,000.00; Total $1,800,000.01. Liabilities per SOA by creditor group: Secured $2,070,506.01; Unsecured $7,152.53; Contingent $1,832,744.00; Total $3,910,402.54. A separate 'Admitted for Voting' column (as of May 27, 2026) shows Secured $1,800,000.00; Unsecured $2,147,883.12; Contingent $0.00; Total $3,947,883.12, used for voting purposes only, not dividend distribution. · basis: sworn Statement of Affairs (SOA) · scope: 1597527 Ontario Ltd. (the Company), entity level · currency: CAD · total assets: 1800000.01 · total liabilities: 3910402.54
- recovery outcomeentries: basis: estimated · quote: It is expected that TD will suffer a shortfall and there will be no funds available for distribution to the Company's bankruptcy estate. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: TD · creditor name: TD · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is expected that TD will suffer a shortfall and there will be no funds available for distribution to the Company's bankruptcy estate. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: the Company's bankruptcy estate · interim final: unstated · claims qualifier: unstated · stated on: 2026-05-28 · table missing: