British Columbia · Bankruptcy
Trustee's Report to Creditors on Preliminary Administration
Court officer report · 5 July 2023
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 filing11 verified
- court file no11-2957717
- proceeding typebia_bankruptcy
- provinceBritish Columbia
- appointeeFTI Consulting Canada Inc.
- appointee roleTrustee
- commencement date21 June 2023
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- statutory basissection 49 of the Bankruptcy and Insolvency Act
- operational summaryThe Company itself has no operations or bank accounts; its US subsidiary HFI is evaluating options to liquidate its assets and provide realizations to stakeholders, and there are no operations for the Trustee to carry on.
- recovery outcomeentries: basis: unstated · quote: The Trustee is currently unable to provide an estimated realization and projected distribution to creditors as the only potential asset known to the Trustee is contingent on the ongoing realization efforts at the US subsidiary level. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-07-05 · table missing:
- report date5 July 2023