Ontario · Bankruptcy
Uvaro Inc. Trustee Preliminary Report
Court officer report · 21 August 2025
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What we verified from this filing8 verified
- appointeeB. Riley Farber Inc.
- appointee roleLicensed Trustee
- commencement date1 August 2025
- provinceONTARIO
- financial positionnote: Total liabilities figure is the Statement of Affairs total (secured $405,891.00 + unsecured $5,299,013.20; preferred and contingent nil). A separate 'filed with Trustee' total of $841,487.80 (secured $400,186.67 + unsecured $441,301.13) is also reported and represents claims actually filed rather than the SOA-reported figures. · page: 2 · as at: date of bankruptcy · basis: Statement of Affairs; assets at estimated realizable value (unaudited, prepared from Company books and records) · scope: Uvaro Inc. (single entity) · currency: CAD · total assets: 1582406.1 · total liabilities: 5704904.2
- secured creditorsnote: Per Statement of Affairs. $400,186.67 filed with the Trustee (proof of claim). Trustee has not yet obtained an independent opinion on validity/enforceability of the security (opinion pending). · page: 2 · as of: date of bankruptcy · amount: 405891 · debtor: Uvaro Inc. · creditor: Bonsai Growth Solutions Inc. · currency: CAD · security: Sole registrant with security registered under the Personal Property Security Act (Ontario)
- unsecured creditorsnote: Document names no individual unsecured creditors. Only $441,301.13 in proofs of claim had been filed with the Trustee as of the report date; trustee is also investigating potential employee/WEPPA or s.81.3 BIA claims not yet quantified. · page: 2 · as of: date of bankruptcy · basis: Statement of Affairs as reported · amount: 5299013.2 · debtor: Uvaro Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: estimated · quote: It is anticipated that there will be a surplus once Bonsai's secured debt is settled, making a distribution to unsecured creditors likely. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · conditional on: This will be confirmed following the realization of Uvaro's assets. · claims qualifier: unstated · table missing: