Ontario · Bankruptcy
190 – Trustee’s Preliminary Report to Creditors
Court officer report · undated
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What we verified from this filing7 verified
- appointeeA. Farber & Partners Inc.
- appointee roleLicensed Trustee
- commencement date26 March 2021
- financial positionnote: Total liabilities figure is the sum of Secured ($2,426,532.48), Preferred ($1.00) and Unsecured ($1,224,306.39) per Statement of Affairs, as stated in the document's own total column ($3,650,839.87); a separate 'Filed with Trustee' total of $4,067,142.20 is also reported. All Company property was encumbered in favour of secured creditors and secured creditors are anticipated to suffer a shortfall, per the document. · page: 2 · as at: date of bankruptcy · basis: Trustee's Preliminary Report prepared from Company's books and records, not audited by the Trustee, which expresses no opinion on validity, exactness or reliability of the information; realizable assets are estimated realizable values (some at nominal $1 pending valuation) · scope: 1908736 Ontario Limited (fka Cole Engineering Group Ltd), single entity · currency: CAD · total assets: 2200006 · total liabilities: 3650839.87
- unsecured creditorsnote: Document names no individual unsecured creditors; aggregate per Statement of Affairs. A different figure of $3,074,650.10 was filed with the Trustee in proofs of claim as of the date of this report, per the Provable Claims table. · page: 2 · as of: date of bankruptcy (Statement of Affairs) · basis: Per Statement of Affairs · amount: 1224306.39 · debtor: 1908736 Ontario Limited (fka Cole Engineering Group Ltd) · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Preferred claim class; no individual creditors named; nil filed with Trustee as of report date. · page: 2 · as of: date of bankruptcy (Statement of Affairs) · basis: Per Statement of Affairs · amount: 1 · debtor: 1908736 Ontario Limited (fka Cole Engineering Group Ltd) · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: Subject to the receipt of the legal opinion regarding the validity of their security, it is anticipated that the secured creditors will suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: secured creditors · interim final: unstated · conditional on: Subject to the receipt of the legal opinion regarding the validity of their security · claims qualifier: unstated; basis: estimated · quote: Accordingly, no surplus funds are expected to be available for distribution to preferred or unsecured creditors. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred or unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: