Ontario · Bankruptcy
Trustees’ Preliminary Report
Court officer report · undated
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What we verified from this filing10 verified
- appointeeDodick Landau Inc.
- appointee roleTrustee in Bankruptcy
- commencement date13 November 2018
- court file no31-2442856
- proceeding typebia_bankruptcy
- provinceONTARIO
- secured creditorsnote: Three secured creditor proofs of claim totalling approximately $99,000 received; Ford required to mitigate its claim against value of returned vehicles, with any remaining balance treated as unsecured. Statement of Affairs lists six secured creditors in total; only Ford and CIBC are identified by name in this report. · page: 2 · as of: date of this report · amount: 99000 · debtor: Hashtag Electric Ltd. · creditor: Ford Credit Canada Limited · currency: CAD · security: Security interest in three vehicles (in process of being released to Ford)
- secured creditorsnote: Figure is the Trustee's understanding of the outstanding loan amount; Trustee had not yet received a proof of claim from CIBC as at the date of this report. · page: 2 · as of: date of this report · amount: 110000 · debtor: Hashtag Electric Ltd. · creditor: The Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: General Security Agreement
- unsecured creditorsnote: Statement of Affairs lists forty-four unsecured creditors; document names no individual creditors. Total does not include any amount that may become payable to Ford Credit Canada Limited after it realizes on its security. · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported (potential provable claims) · amount: 334000 · debtor: Hashtag Electric Ltd. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: If CIBC's security interest is valid and enforceable as against the Trustee, the Trustee expects there will be no net realizations from the sale of the assets available for distribution to unsecured creditors, only to CIBC as secured creditor. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: If CIBC's security interest is valid and enforceable as against the Trustee · claims qualifier: unstated; basis: estimated · quote: If CIBC's security interest is valid and enforceable as against the Trustee, the Trustee expects there will be no net realizations from the sale of the assets available for distribution to unsecured creditors, only to CIBC as secured creditor. · pct of: unstated · outcome: distribution · class key: secured · stated by: trustee · class label: CIBC as secured creditor · creditor name: CIBC · interim final: unstated · conditional on: If CIBC's security interest is valid and enforceable as against the Trustee · claims qualifier: unstated · stated on: 2018-11-30 · table missing: