Ontario · Bankruptcy
Trustee's Report on Preliminary Administration dated January 1, 2021
Court officer report · 1 January 2021
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 filing7 verified
- appointeeKSV Restructuring Inc.
- appointee rolelicensed insolvency trustee
- commencement date15 December 2020
- court file no31-2697304
- provinceONTARIO
- financial positionnote: Assets: Cash 532, Accounts receivable 336, Other assets 24 (000s), total 892 (000s). Liabilities: unsecured creditors totaled approximately $3.9 million, comprised of TWE 3,568, Vincent Hanna 310, RGN Management Ltd. 5, DLA Piper (Canada) LLP 1 (000s), total 3,884 (000s). No secured creditor registrations found in PPSR search as of December 4, 2020. · as at: 2020-12-15 · basis: Unaudited · scope: entity - Origin North America Inc. · currency: CAD · total assets: 892000 · total liabilities: 3884000
- recovery outcomeentries: basis: estimated · quote: Assuming that all proofs of claim are admitted as filed, and that the claims filed are consistent with the accounts payable noted in Section 4.2.1 above, the Trustee estimates that creditors will receive dividends ranging from 10% to 15% of their claims. · pct of: unstated · outcome: distribution · pct low: 10 · pct high: 15 · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · conditional on: Assuming that all proofs of claim are admitted as filed, and that the claims filed are consistent with the accounts payable noted in Section 4.2.1 above · claims qualifier: unstated · stated on: 2021-01-01 · table missing: