Ontario · Receivership (court-appointed)
Notice of Bankruptcy and First Meeting of Creditors - Liberty Place
Notice to creditors · 21 March 2011
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 filing1 verified
- financial positionnote: As-at date is the date of bankruptcy (stated as the 11th day of March 2011 in the form instructions, while the officer's declaration refers to the 14th day of March 2011 and the proof of claim refers to the 15th day of March, 2011). Statement shows deficiency of $1,257,513.11 and surplus NIL. Liabilities: unsecured creditors $1,257,511.11 (list A $231,832.11 plus balance of claims unsecured $1,025,679.00), secured creditors' value of security $7,005,004.00, preferred creditors $2.00, contingent liabilities $0.00. Assets include real property $7,000,000.00 and furniture $5,000.00; cash, deposits, inventory, accounts receivable all shown at 0.00. · basis: Statement of Affairs (Form 78) "as stated and estimated by the officer" of the bankrupt corporation; sworn/declared by an officer of the bankrupt · scope: 2004631 Ontario Inc. o/a Liberty Place Retirement Residence (single entity) · currency: CAD · total assets: 7005004 · total liabilities: 8262517.11