British Columbia · Receivership (court-appointed)

Statement of Affairs - MMAC Bankruptcy

Statement of affairs · 5 June 2023

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financial positionnote: Total liabilities comprise: unsecured creditors $226,827,057.81 (List A), balance of secured claims $67,911.00 (List B unsecured balance), preferred creditors $0.00 (List C), contingent/trust claims $0.00 (List D). Deficiency reported as $226,894,671.81. No preferred (List C) or contingent (List D) creditors listed. · page: 1 · as at: 2023-06-05 · basis: Statement of Affairs (Form 78) as stated and estimated by the officer · scope: Entity - My Mortgage Auction Corp. · currency: CAD · total assets: 292586 · total liabilities: 227187257.81
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 600 · debtor: My Mortgage Auction Corp. · creditor: Coverall · currency: USD
unsecured creditorsnote: Total claim $200,120.00 plus balance of claim (unsecured portion of secured claim) $20,200.00 = $220,320.00 · page: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 220320 · debtor: My Mortgage Auction Corp. · creditor: Employees · currency: CAD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 320 · debtor: My Mortgage Auction Corp. · creditor: Ace Parking · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 290.96 · debtor: My Mortgage Auction Corp. · creditor: Adobe · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 313.2 · debtor: My Mortgage Auction Corp. · creditor: All Kinds of Signs, Inc. · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 5167.19 · debtor: My Mortgage Auction Corp. · creditor: Anthem Blue Cross · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 25 · debtor: My Mortgage Auction Corp. · creditor: Aquatech Water Systems · currency: CAD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 164.8 · debtor: My Mortgage Auction Corp. · creditor: AT&T · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 6550 · debtor: My Mortgage Auction Corp. · creditor: A-Team Media Productions LLC · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 520.8 · debtor: My Mortgage Auction Corp. · creditor: Atlas Audio Video · currency: CAD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 180.32 · debtor: My Mortgage Auction Corp. · creditor: Atlassian - Confluence · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 295.13 · debtor: My Mortgage Auction Corp. · creditor: Atlassian - Jira Software · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 25000 · debtor: My Mortgage Auction Corp. · creditor: Avalara · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 118 · debtor: My Mortgage Auction Corp. · creditor: Branch Metrics · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 2129.82 · debtor: My Mortgage Auction Corp. · creditor: CoreLogic Credco · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 710.41 · debtor: My Mortgage Auction Corp. · creditor: COX · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 740.41 · debtor: My Mortgage Auction Corp. · creditor: Cox Business · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 316.08 · debtor: My Mortgage Auction Corp. · creditor: CR&R Inc. · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 470.8 · debtor: My Mortgage Auction Corp. · creditor: Dads Auto Deliveries Co-op · currency: CAD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 114 · debtor: My Mortgage Auction Corp. · creditor: DHS Security System · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 432 · debtor: My Mortgage Auction Corp. · creditor: Ekata · currency: USD
unsecured creditorspage: 2 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 16399 · debtor: My Mortgage Auction Corp. · creditor: DocuSign · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 299 · debtor: My Mortgage Auction Corp. · creditor: Rollbar · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 2587.25 · debtor: My Mortgage Auction Corp. · creditor: Lang Real Estate Services · currency: USD
unsecured creditorsnote: Listed twice as separate claims · page: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 1913 · debtor: My Mortgage Auction Corp. · creditor: Lending Tree · currency: USD
unsecured creditorsnote: Listed twice as separate claims · page: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 3526 · debtor: My Mortgage Auction Corp. · creditor: Lending Tree · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 517.78 · debtor: My Mortgage Auction Corp. · creditor: Mesa Water District · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 362.67 · debtor: My Mortgage Auction Corp. · creditor: MongoDB (New York) · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 350.61 · debtor: My Mortgage Auction Corp. · creditor: MongoDB (Toronto) · currency: CAD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 2494.14 · debtor: My Mortgage Auction Corp. · creditor: Nitel · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 99 · debtor: My Mortgage Auction Corp. · creditor: One Signal Inc. · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 81159.45 · debtor: My Mortgage Auction Corp. · creditor: Payne and Fears LLP · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 540 · debtor: My Mortgage Auction Corp. · creditor: Perimeter 81 · currency: USD
unsecured creditorsnote: Related party - PwC is Receiver/Trustee; this is balance of secured claim after realization ($300,000 secured claim less $292,289 security value) · page: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 7711 · debtor: My Mortgage Auction Corp. · creditor: PricewaterhouseCoopers Inc. (Receiver's Charge) · currency: CAD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 846.33 · debtor: My Mortgage Auction Corp. · creditor: Regus · currency: CAD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 640 · debtor: My Mortgage Auction Corp. · creditor: Roses Professional Cleaning, Inc · currency: USD
unsecured creditorsnote: Balance of secured claim after $0.00 security value realized · page: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 40000 · debtor: My Mortgage Auction Corp. · creditor: Royal Bank of Canada (CEBA Loan) · currency: CAD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 175 · debtor: My Mortgage Auction Corp. · creditor: Equifax · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 0 · debtor: My Mortgage Auction Corp. · creditor: Google Ads · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 5707.52 · debtor: My Mortgage Auction Corp. · creditor: Google Workspace · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 5401.92 · debtor: My Mortgage Auction Corp. · creditor: Intercom, Inc. · currency: USD
unsecured creditorsnote: Address given as c/o PricewaterhouseCoopers Inc., 250 Howe Street, Vancouver BC; largest single unsecured claim class, likely represents pooled mortgage investors · page: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 226368704 · debtor: My Mortgage Auction Corp. · creditor: Investors · currency: CAD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 2216.85 · debtor: My Mortgage Auction Corp. · creditor: iPROMOTEu · currency: USD
unsecured creditorspage: 3 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 49900 · debtor: My Mortgage Auction Corp. · creditor: Javadov Group · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 5814.38 · debtor: My Mortgage Auction Corp. · creditor: Samsara · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 13209 · debtor: My Mortgage Auction Corp. · creditor: Schibli Stedman King LLP · currency: CAD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 1527.41 · debtor: My Mortgage Auction Corp. · creditor: Service First Cleaning · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 4471.97 · debtor: My Mortgage Auction Corp. · creditor: SoCalGas · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 2020.32 · debtor: My Mortgage Auction Corp. · creditor: Southwest Gas · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 265 · debtor: My Mortgage Auction Corp. · creditor: Spireon · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 819.08 · debtor: My Mortgage Auction Corp. · creditor: Telus Custom Security Systems · currency: CAD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 177.41 · debtor: My Mortgage Auction Corp. · creditor: Shaw · currency: CAD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 95 · debtor: My Mortgage Auction Corp. · creditor: WeWork · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 9.8 · debtor: My Mortgage Auction Corp. · creditor: Slack · currency: USD
unsecured creditorspage: 4 · as of: 2023-06-05 · basis: Statement of Affairs List A as reported · amount: 10230 · debtor: My Mortgage Auction Corp. · creditor: Salesforce · currency: USD
secured creditorsnote: Related party: PwC is also the Receiver/Trustee acting in this estate. Estimated value of security total $292,289.00; estimated surplus $7,711.00 (balance carried to List A) · page: 5 · as of: 2023-05-04 · amount: 300000 · debtor: My Mortgage Auction Corp. · creditor: PricewaterhouseCoopers Inc. (Receiver's Charge) · currency: CAD · security: Other - Funds Held in Court ($192,289.00); Cash on Hand - Cash in bank Company account - Royal Bank of Canada ($100,000.00)
secured creditorsnote: Estimated value of security $0.00; estimated surplus/balance $40,000.00 (carried to List A as unsecured balance) · page: 5 · as of: 2023-05-04 · amount: 40000 · debtor: My Mortgage Auction Corp. · creditor: Royal Bank of Canada (CEBA Loan) · currency: CAD · security: Cash on Hand - Cash in bank Company account - Royal Bank of Canada
secured creditorsnote: Estimated value of security $0.00; estimated surplus $20,200.00 (unsecured balance carried to List A) · page: 5 · as of: 2023-05-04 · amount: 20200 · debtor: My Mortgage Auction Corp. · creditor: Employees (#102 - 645 Tyee Road, Vancouver BC) · currency: CAD · security: Cash on Hand - Cash in bank Company account - Royal Bank of Canada