Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 19 October 2023
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What we verified from this filing10 verified
- appointeeMNP
- appointee roleLicensed Insolvency Trustee
- commencement date29 September 2023
- court file no31-2992415
- proceeding typebia_bankruptcy
- provinceOntario
- financial positionnote: Total liabilities per Statement of Affairs comprises Secured $107,220.78, Preferred Nil, Unsecured $564,551.88 as separately stated; total assets reflect estimated liquidation value of bank draft proceeds from sale of assets · page: 2 · basis: Statement of Affairs · scope: entity - 2480866 Ontario Ltd. · currency: CAD · total assets: 11754 · total liabilities: 671772.66
- secured creditorsnote: Amount per Statement of Affairs; Nil proven and filed to October 19, 2023 · page: 2 · as of: Statement of Affairs · amount: 107220.78 · debtor: 2480866 Ontario Ltd. · creditor: The Toronto-Dominion Bank · currency: CAD · security: PPSA registration (Ontario) - only secured creditor per PPSA search
- unsecured creditorsnote: Document names no individual creditors beyond noting one unsecured claim received from a food supplier; $33,494.63 proven and filed to October 19, 2023 (proofs of claim, distinct figure) · page: 2 · as of: Statement of Affairs · basis: Per Statement of Affairs · amount: 564551.88 · debtor: 2480866 Ontario Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: The proceeds from the sale of the assets are subject to claims from TD Bank and potentially Canada Revenue Agency and therefore the Trustee does not anticipate any distribution to unsecured creditors at this time. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: at this time · claims qualifier: unstated · stated on: 2023-10-19 · table missing: