Quebec · Receivership (court-appointed)
Trustees's Report to creditors on preliminary administration
Court officer report · 14 December 2017
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- financial positionnote: Document is internally inconsistent on the as-at date: the statement title reads 'Au 30 novembre 2017 (non audité)', the narrative says 'au 31 octobre 2017', and the book-value column is headed 'Valeur comptable au 23 octobre 2017'; 23 octobre 2017 used as as_at since the book values are stated as of that date. Total liabilities 6 797 541 $ comprises: art. 81.3 claims 201 222; Daleco (secured) 2 000 000; Investissement Québec (secured) 450 000; parent company (unsecured) 3 850 740; affiliate (unsecured) 50 000; other unsecured 245 579. Estimated realization value of assets: 1 446 000 $ (receivables 1 100 000; fixed assets 346 000). · as at: 2017-10-23 · basis: Bilan statutaire (non audité) : assets at book value as at 23 octobre 2017; liabilities are the trustee's estimated claims (secured, employee s.81.3, and unsecured). Estimated realization value of assets (before liquidation fees and costs) is 1 446 000 $, giving an estimated deficiency of (5 351 541) $. · scope: Transport Medicar inc. (single bankrupt entity, not consolidated) · currency: CAD · total assets: 5490782 · total liabilities: 6797541