Quebec · NOI
Trustee’s Report to the First Meeting of Creditors – dated March 27, 2024
Court officer report · 27 March 2024
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 filing2 verified
- financial positionnote: Total assets of $7,535k is book value; estimated realizable value total is $1,024k. Total liabilities of $11,972k consist of secured creditors $4,996k, unsecured creditors $6,976k, preferred creditors TBD, contingent liabilities nil. The Company's Statement of Affairs indicated no known preferred creditors as at the date of bankruptcy. Trustee states the exact liabilities will only be determined once all proofs of claim are submitted and analyzed. · as at: 2024-03-09 · basis: Statement of Affairs prepared from information provided by and pursuant to the sworn declaration of Christopher Doutre, which has not been validated by the Trustee; figures are book values (in 000's). Estimated realizable value of assets is $1,024k, with a deficiency of $(10,948)k on that basis versus $(4,437)k at book value. · scope: Transport Dsquare Inc. (the Bankrupt) only, not the Dsquare Group · currency: CAD · total assets: 7535000 · total liabilities: 11972000
- recovery outcomeentries: basis: estimated · quote: However, as of the date hereof, based on the estimated realizable value of the assets, the amounts due to the various secured creditors, the Trustee does not anticipate that there will be any dividends available to the preferred and ordinary creditors. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred and ordinary creditors · interim final: unstated · conditional on: Without completing a sales process, it is premature to determine if there will be a distribution to the preferred and ordinary creditors. · claims qualifier: unstated · stated on: 2024-03-27 · table missing: