Alberta · Bankruptcy
Trustee Preliminary Reportt
Court officer report · 6 February 2024
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What we verified from this filing9 verified
- appointeeB. Riley Farber Inc.
- appointee roleLicensed Trustee
- commencement date18 January 2024
- proceeding typebia_bankruptcy
- provinceALBERTA
- secured creditorsnote: Per Statement of Affairs amount was $1,745,250.99; exact filed-with-Trustee balance used as amount. Shortfall anticipated; parent company User Friendly Phone Book, LLC has guaranteed Trustee's fees (related party). · page: 2 · as of: Filed with Trustee · amount: 1868836.13 · debtor: UpSnap Inc. · creditor: UFPB VoodooVox, LLC · currency: CAD · security: All Property of the Company encumbered; sole PPSA (Alberta) registrant
- unsecured creditorsnote: Per Statement of Affairs amount was $717,146.36; document names no individual creditors. No funds expected for distribution to unsecured creditors due to anticipated shortfall to secured creditor. · page: 2 · as of: Filed with Trustee · basis: Provable Claims table - Filed with Trustee · amount: 595395.65 · debtor: UpSnap Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Preferred class per Statement of Affairs and as filed with Trustee; both nil. · page: 2 · as of: Filed with Trustee · basis: Provable Claims table - Filed with Trustee · amount: 0 · debtor: UpSnap Inc. · creditor: Preferred creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: It is anticipated that UFPB VoodooVox, LLC will suffer a shortfall. · pct of: unstated · outcome: shortfall · class key: secured · stated by: trustee · class label: UFPB VoodooVox, LLC · creditor name: UFPB VoodooVox, LLC · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, no funds will be available for distribution to preferred or unsecured creditors. · pct of: unstated · outcome: nil · class key: preferred · stated by: trustee · class label: preferred or unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: