Bankruptcy

Notice of Bankruptcy and First Meeting of Creditors Package

Meeting materials · 12 February 2016

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appointeeErnst & Young Inc.
appointee roletrustee
commencement date8 February 2016
court file no25-094613
statutory basisSubsection 102(1) of the Bankruptcy and Insolvency Act
secured creditorsnote: Listed in Creditor List filed with bankruptcy estate; claim amount as stated · page: 7 · as of: 2016-02-12 · amount: 145000 · debtor: Mountain Bike City Inc. · creditor: Alberta Treasury Branches - 07909 · currency: CAD
secured creditorsnote: Secured claim per Creditor List; same creditor also appears as unsecured claimant of $84,151.00 for a different portion of debt · page: 7 · as of: 2016-02-12 · amount: 75000 · debtor: Mountain Bike City Inc. · creditor: TBG, The Bicycle Group Limited · currency: CAD
unsecured creditorsnote: Source deductions; possible deemed trust claim · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 12549.83 · debtor: Mountain Bike City Inc. · creditor: Canada Revenue Agency - Source · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 58.41 · debtor: Mountain Bike City Inc. · creditor: Direct Energy · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 446.07 · debtor: Mountain Bike City Inc. · creditor: Enmax · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 10792.56 · debtor: Mountain Bike City Inc. · creditor: Felt · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 13.12 · debtor: Mountain Bike City Inc. · creditor: Lambert Cycles · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 3656.65 · debtor: Mountain Bike City Inc. · creditor: Mica Sport · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 5000 · debtor: Mountain Bike City Inc. · creditor: Morley Chandler · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 2938.43 · debtor: Mountain Bike City Inc. · creditor: NRG Enterprises · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 5732.5 · debtor: Mountain Bike City Inc. · creditor: Outdoor Gear · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 10984.82 · debtor: Mountain Bike City Inc. · creditor: Paul Downes, Consultant · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 1435.96 · debtor: Mountain Bike City Inc. · creditor: Purolator Courier · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 1470.84 · debtor: Mountain Bike City Inc. · creditor: Receiver General · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 2340.43 · debtor: Mountain Bike City Inc. · creditor: Shimano Canada Ltd. · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 0 · debtor: Mountain Bike City Inc. · creditor: Soze Group · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 30958.38 · debtor: Mountain Bike City Inc. · creditor: Spawn Cycles · currency: CAD
unsecured creditorsnote: Same creditor also holds a separate $75,000 secured claim listed above · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 84151 · debtor: Mountain Bike City Inc. · creditor: TBG, The Bicycle Group Limited · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 803.23 · debtor: Mountain Bike City Inc. · creditor: TELUS Communications Inc. · currency: CAD
unsecured creditorsnote: Listed twice on Creditor List as separate line items · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 174.85 · debtor: Mountain Bike City Inc. · creditor: TELUS Mobility Inc · currency: CAD
unsecured creditorsnote: Listed twice on Creditor List as separate line items · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 109.03 · debtor: Mountain Bike City Inc. · creditor: TELUS Mobility Inc · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 44262.39 · debtor: Mountain Bike City Inc. · creditor: TPD/Tyler Downs · currency: CAD
unsecured creditorsnote: Related party per naming convention · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 30000 · debtor: Mountain Bike City Inc. · creditor: Tyler Downs' Mother · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 7.35 · debtor: Mountain Bike City Inc. · creditor: Workers' Compensation Board - Alberta · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 944.3 · debtor: Mountain Bike City Inc. · creditor: Marin Bikes · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 3669.38 · debtor: Mountain Bike City Inc. · creditor: Live to Play Sports · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 1768.06 · debtor: Mountain Bike City Inc. · creditor: Amer Sports · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 378.24 · debtor: Mountain Bike City Inc. · creditor: ATB (Moneris) · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 6462.15 · debtor: Mountain Bike City Inc. · creditor: Bentall Kennedy · currency: CAD
unsecured creditorspage: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 37437.78 · debtor: Mountain Bike City Inc. · creditor: BJC/Brad Chandler · currency: CAD
unsecured creditorsnote: GST arrears · page: 7 · as of: 2016-02-12 · basis: Creditor List as reported by trustee · amount: 858 · debtor: Mountain Bike City Inc. · creditor: Canada Revenue Agency - GST · currency: CAD