Ontario · Bankruptcy
Trustee's Report to Creditors on Preliminary Administration dated February 19, 2019
Court officer report · 19 February 2019
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What we verified from this filing11 verified · 1 withheld
- applicantLaurentian Bank of Canada
- appointeeKSV Kofman Inc.
- appointee roletrustee
- provinceOntario
- secured creditorsnote: Secured against the Companies via loans; Spadafora liable as guarantor. Demand letters issued to Companies June 2018; debt remains outstanding as at date of report. · page: 1 · as of: date of application for Bankruptcy Order · amount: 1890000 · debtor: Mark Spadafora · creditor: Laurentian Bank of Canada · currency: CAD · security: Personal guarantees provided by Mark Spadafora for secured loans made by Laurentian to the Companies
- statutory basisthe Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended
- financial positionnote: Approximately $11,000 in assets reported on Statement of Affairs; Trustee does not anticipate material realizations; total liabilities not stated as an aggregate figure in financial position terms (see unsecured/secured creditor entries for individual claims). · page: 2 · basis: Statement of Affairs as reported · scope: Mark Spadafora, personal (individual bankrupt) · currency: CAD · total assets: 11000
- unsecured creditorsnote: Amount not stated; deemed trust/director liability class; not yet quantified · page: 2 · basis: Trustee's understanding of significant payroll-related liabilities owed by the Companies, portion or all of which may be personal liabilities of Mr. Spadafora as sole director · debtor: Mark Spadafora · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Approximate aggregate of all proofs of claim filed to date; includes Recipe Unlimited and other claims; document does not itemize full list of individual claimants beyond those named · page: 2 · as of: date of report · basis: Total proofs of claim filed against Mr. Spadafora as at date of report · amount: 3200000 · debtor: Mark Spadafora · creditor: Unsecured creditors (aggregate as reported - total proofs of claim filed) · currency: CAD
- unsecured creditorsnote: Approximate amount; personal guarantee claim; proof of claim not yet filed as at date of report · page: 2 · as of: date of report · basis: Proof of claim in process of being filed, per counsel advice · amount: 1500000 · debtor: Mark Spadafora · creditor: Silver Chef Rentals Inc. · currency: CAD
- unsecured creditorsnote: Approximate amount; personal guarantee claim · page: 2 · as of: date of report · basis: Proof of claim filed against Mr. Spadafora · amount: 710000 · debtor: Mark Spadafora · creditor: Recipe Unlimited Corporation · currency: CAD
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.