Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 13 July 2021
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What we verified from this filing9 verified · 1 withheld
- appointeeMNP Ltd.
- appointee roleTrustee
- court file no31-2748284
- proceeding typebia_bankruptcy
- provinceOntario
- statutory basisBankruptcy and Insolvency Act
- secured creditorsnote: Statutory secured claim for unpaid vacation pay under s.81.3 BIA; admissibility not yet determined by Trustee; per SOA figure $4,000.00, claims filed as at July 12, 2021 5:00pm show Nil filed for this class; PPSA search revealed no security registrations against the Company. · page: 3 · as of: SOA as reported · amount: 4000 · debtor: ADG Architectural Design Group Inc. · creditor: Employee Secured Claims (former employees - unpaid vacation pay, s.81.3 BIA) · currency: CAD
- unsecured creditorsnote: Document names no individual creditors; claims filed as at 5:00pm July 12, 2021 total $60,000.00, labelled as proofs of claim filed to date (a different, lower figure than the SOA-reported amount). · page: 3 · as of: SOA as reported · basis: Statement of Affairs as reported · amount: 141448.49 · debtor: ADG Architectural Design Group Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Given the foregoing and the SOA, the Trustee is unable to determine the extent of collections from the accounts receivable, and accordingly, is unable to an opinion on the projected distributions to unsecured creditors. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: There likely will a distribution in respect of the Employee Secured Claims. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · class label: Employee Secured Claims · interim final: unstated · claims qualifier: unstated · stated on: 2021-07-12 · table missing:
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.