Ontario · Bankruptcy
Trustee’s Preliminary Report Vision Institute of Canada
Court officer report · 24 March 2022
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What we verified from this filing10 verified
- court file no31-2810193
- proceeding typebia_bankruptcy
- provinceOntario
- appointeeDodick Landau Inc.
- appointee roleTrustee in Bankruptcy
- commencement date7 March 2022
- financial positionnote: Statement of Affairs lists accounts receivable $1,000, cash on hand approximately $30,000, term deposits of $7,500 and a GIC of $46,400; Trustee separately notes 'approximately $84,000 in cash and marketable securities on hand' (excludes the $1,000 receivable). No combined total liabilities figure is stated; the Statement of Affairs states unsecured creditors' potential provable claims total $508,102.50 (see unsecured_creditors entry). The Statement of Affairs 'includes no balances owing to secured creditors.' · page: 2 · basis: Statement of Affairs / Trustee's preliminary review (approximate) · scope: Vision Institute of Canada (single entity) · currency: CAD · total assets: 84000
- unsecured creditorsnote: Document names no individual creditors. As at date of report, three proofs of claim have been filed with the Trustee totalling $118,649.04 (proofs filed, not the same as the SOA-reported figure). · page: 3 · as of: Statement of Affairs · basis: Statement of Affairs includes 22 unsecured creditors with potential provable claims totalling this amount · amount: 508102.5 · debtor: Vision Institute of Canada · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: At this time, it is unknown what, if any, will be the net realizations from the assets available for distribution to the unsecured creditors, after costs of administration. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2022-03-24 · table missing:
- secured creditors