Quebec · NOI
Trustee's preliminary report to creditors
Court officer report · 11 May 2016
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- closing confirmedscope: certain of its intellectual properties · outcome: completed · effective: 2015-12-24 · date basis: stated
- financial positionnote: Table shows two columns per line item (book value / estimated realizable value): Cash and cash equivalents 59/59, Receivables 42/2, Deposits 47/-, Equipment 3/-, Intellectual property -/-, totaling Assets 151/61; Payables and others 1,002/1,002, Employee severances 649/649, totaling Liabilities 1,651/1,651; resulting Deficit 1,500 (book value basis) / 1,590 (estimated realizable value basis). · as at: 2016-04-21 · basis: unaudited Statement of Affairs; estimated net realization value of assets · scope: entity - Sensio Technologies Inc. (the Bankrupt, no subsidiaries) · currency: CAD · total assets: 61 · total liabilities: 1651
- process resultsndas: 6 · note: Figures relate to the earlier Sale Process for the Company's remaining assets; the Bid Deadline was extended to March 1, 2016 but no binding offer was submitted by that date. · as of: 2016-03-01 · solicited: 34
- purchaserprice: sealed: false · scope: all of its rights, title and interest in certain of its intellectual properties · status: closed · name note: third party purchaser previously granted exclusive rights in respect of intellectual property, unnamed · structure: assets · name source: recital · relationship: unstated · agreement date: 2015-12-23; price: sealed: false · scope: the Company's equipment and intellectual property · status: proposed · name note: potential purchasers of remaining equipment and intellectual property; sale process ongoing at report date, no purchaser selected · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: Due to the fact that Sensio assets seem to be free of any liens, the Trustee is of the opinion that a distribution to unsecured creditors is probable. However, as of the time of this report, and considering the low number of proofs of claim received to date, the Trustee is not able to determine the anticipated distribution. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2016-05-11 · table missing:
- sale advisorDeloitte Restructuring Inc.
- sale outcometext: Trustee initiated a private call for tender to sell the Company's equipment and intellectual property, with offers due May 11, 2016 · scope: liquidation · status: liquidation_in_progress