Nova Scotia · NOI
Court Filed First Report of MNP Ltd.
Court officer report · 4 August 2023
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- courtSUPREME COURT OF NOVA SCOTIA IN BANKRUPTCY AND INSOLVENCY
- court file no45522
- appointeeMNP Ltd.
- appointee roleProposal Trustee
- commencement date20 July 2023
- statutory basisSection 50.4(7)(b)(ii) of the BIA
- financial positionnote: As at year ended March 31, 2022, Company reported Cash and Accounts Receivable of $181,064 and Capital Assets of $447,715 (book value); a May 27, 2023 appraisal indicates capital assets worth significantly more. Secured liabilities total $1,160,539 (excluding CRA's deemed trust claim of $765,442.37 for payroll arrears). Unsecured liabilities total $592,030.63. · basis: unaudited, externally prepared financial statements / book value; secured and unsecured liabilities as reported by the Company · scope: entity - Blue Rose Gardening Inc. · currency: CAD
- operational summaryThe Company has continued to operate its residential/commercial landscaping and property maintenance business post-filing, communicating with staff and customers, but faces cash constraints from CRA Requirements to Pay and lacks an operating line of credit, making cash management critical.
- report date4 August 2023
- report noFirst Report