Alberta · Receivership (court-appointed)
Trustee’s Preliminary Report – I&G Holdings Ltd.
Court officer report · 18 September 2017
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 filing4 verified
- financial positionnote: Assets: 'The only asset of I&G is believed to be their shareholdings in Lenaco HMI' (a bankrupt entity in receivership); trustee states there will likely be no realizable assets for distribution. Total assets not stated. Liabilities: no total stated; proofs of claim filed as of the report date total $23,739,314 (all unsecured; secured and preferred nil); ATB secured claim 'to be determined'. · basis: Trustee's preliminary report; assets described as 'believed to be' only the shareholdings in Lenaco HMI; no valuation or balance sheet stated · scope: I & G Holdings Ltd. (single entity) · currency: CAD
- operational summaryI&G is a holding company whose only believed asset is its shares in a bankrupt, receivership-stage company; the trustee has secured its assets and records and expects no realizable assets for creditors.
- professional feesnote: No amount stated; the Trustee anticipates it will not issue invoices for time incurred up to the date of the 1st Meeting of Creditors. McCarthy Tetrault LLP retained as legal counsel, no fees stated. · party: PricewaterhouseCoopers Inc. (Trustee) · period: up to the date of the 1st Meeting of Creditors · currency: CAD
- report date18 September 2017