British Columbia · NOI

First Report of the Proposal Trustee

Court officer report · 11 April 2025

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

secured creditorsnote: Approximate outstanding balance on Ecoation's credit cards with RBC as at Filing Date; described as the only material secured creditor, for a relatively small amount · page: 5 · as of: Filing Date · amount: 30000 · debtor: Ecoation Innovative Solutions Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Security interest registered in BC Personal Property Registry over credit card balances
financial positionnote: Total liabilities of approximately $3.4 million, primarily owed to AAF (His Majesty the King in Right of Canada, represented by Minister of Agriculture and Agri-Food) in respect of an unsecured loan (AAF Loan); company also reported to have $0.2 million cash on hand as at date of First Report (forecast-period figure, not a balance sheet total) · page: 6 · as at: Filing Date · basis: Company estimate as reflected in Creditor List filed with the NOI · scope: Ecoation Innovative Solutions Inc. (entity level) · currency: CAD · total liabilities: 3400000