Quebec · NOI
Trustee's Report to the Creditors on its Preliminary Administration
Court officer report · 27 January 2021
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What we verified from this filing3 verified
- financial positionnote: Total liabilities not given as a single combined figure; components stated separately: secured creditor Tafford Inc. debt $600,400.80 (hypothec on universality of movable property), and unsecured creditors per SOA as at January 8, 2021 totaling $1,600,187.74 (101 claims), with proofs of claim received by January 26, 2021 totaling $174,751.21 (8 claims). Assets comprise Account receivable $30,000.00, Rights in a subsidiary company (---), Rights in the intellectual property (---), Total $30,000.00; Trustee considers IP to have no value. · as at: 2021-01-08 · basis: Statement of Affairs (SOA) · scope: S. Cohen Inc. (entity-level; excludes value attributed to its wholly-owned subsidiary S. Cohen USA, which is listed at nil in the SOA) · currency: CAD · total assets: 30000
- operational summaryS. Cohen Inc. ceased operating following its deemed bankruptcy on January 8, 2021; the Trustee closed the Company's bank accounts, took possession of its books and records, and is winding down affairs including employee severance matters through the WEPP program.
- report date27 January 2021