Ontario · Bankruptcy

Preliminary Report

Court officer report · 6 December 2018

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: Assets per SOA: Inventory - Estimated to Realize - $2,500; Machinery and equipment - Estimated to Realize $15,000. Provable claims table: Unsecured Declared Per SOA $217,500.21, Filed to Date $27,375.42; no secured or preferred claims listed. · basis: Statement of Affairs estimates ('Estimated to Realize') · scope: Worn Out Inc. (single entity) · currency: CAD
recovery outcomeentries: basis: unstated · quote: The recovery from any of the Bankrupt's assets is uncertain and the Trustee is therefore unable to provide any estimates of anticipated realization and/or whether there will be surplus funds net of costs available for distribution to creditors. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: creditors · interim final: unstated · claims qualifier: unstated · stated on: 2018-12-06 · table missing: