Ontario · Bankruptcy
almadi - 1st trustee report.pdf
Court officer report · 10 October 2013
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 filing8 verified
- courtONTARIO SUPERIOR COURT OF JUSTICE IN BANKRUPTCY AND INSOLVENCY
- court file no31-457432
- appointeeThe Fuller Landau Group Inc.
- appointee roletrustee in bankruptcy
- commencement date7 June 2013
- secured creditorsnote: RBC filed claim with Trustee claiming total indebtedness of $1,419,642.75 and valuing its security at $750,000; assumed by assignment from Ally Credit Canada Limited · page: 5 · as of: proof of claim filing · amount: 1419642.75 · debtor: Almadi Enterprises Inc. · creditor: Royal Bank of Canada (as assignee of Ally Credit Canada Limited) · currency: CAD · security: Floorplan financing security assigned by Ally to RBC effective February 1, 2013 (beneficial interest) and May 8, 2013 (legal interest); security valued by RBC at $750,000
- secured creditorsnote: NBC holding $100,000 on deposit to cover claims owed by Bankrupt to NBC; provided a revolving line of credit for working capital; claim amount not stated in this document · page: 5 · debtor: Almadi Enterprises Inc. · creditor: National Bank of Canada · currency: CAD · security: PPSA registration against the Bankrupt; set-off and security agreement dated August 20, 2010 covering $100,000 held on deposit
- unsecured creditorsnote: Document does not name the twelve individual creditors on these pages (see Appendix M, not included); may include preference-action counterparties MBNA and CIBC · page: 5 · basis: Trustee received claims from twelve creditors totaling this amount, per Claims Register · amount: 1493124.9 · debtor: Almadi Enterprises Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD