Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 4 November 2024
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What we verified from this filing10 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date21 October 2024
- court file no31-3143190
- provinceOntario
- financial positionnote: PPSA registry search as of October 16, 2024 indicated no parties with a security interest in the assets; SOA total of $26,993,454 comprises secured $111,280 (SOA), unsecured $14,893,454 (SOA), and contingent $12,100,000 (SOA) - reported as document's own total, not computed. Claims as Filed total separately stated as $12,826,280. Claims not yet reviewed/admitted for distribution. · page: 2 · basis: Statement of Affairs; SOA figures unaudited/unreviewed, prepared from Company's books and records not reviewed by Trustee · scope: Atlas Cloud Mining Inc. (single entity, bankrupt estate) · currency: CAD · total liabilities: 26993454
- unsecured creditorsnote: SOA reported unsecured claims of $14,893,454 (approximation from Statement of Affairs); document names no individual creditors; claims not yet reviewed/admitted for distribution. · page: 2 · as of: 2024-11-04 · basis: Claims as Filed as of 5:00 p.m. on November 4, 2024 · amount: 12715000 · debtor: Atlas Cloud Mining Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Contingent claims per SOA; no corresponding figure in Claims as Filed column; document names no individual creditors. · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 12100000 · debtor: Atlas Cloud Mining Inc. · creditor: Contingent claims (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: Based on the information on the Statement of Affairs, the proofs of claim file to date, and the uncertainty of the net realizable value of Mining Equipment, the Trustee is unable to estimate at this time the amount that may be available for distribution to ACM's creditors. · pct of: unstated · outcome: undetermined · stated by: trustee · class label: ACM's creditors · interim final: unstated · claims qualifier: unstated · stated on: 2024-11-04 · table missing:
- secured creditors