Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · undated
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What we verified from this filing12 verified
- appointeeGoldhar & Associates Ltd.
- appointee roletrustee of the estate of the bankrupt
- commencement date12 May 2026
- court file no31-3374138
- provinceOntario
- financial positionnote: No consolidated total assets/liabilities stated; individual asset line items reported: Cash $26,000; Accounts Receivable $796,165; Prepaid Expenses and deposits $13,681; Capital Assets $630,912 (per Sept 30, 2023 unaudited financials). At date of bankruptcy (per Debtor, unverified), company had no material realizable assets, no cash on hand, overdrawn bank accounts, and accounts receivable of approximately $91,000 with uncertain collectability. Trustee states current asset values may significantly vary or no longer exist given the age of the financial statements. · page: 3 · as at: 2023-09-30 · basis: unaudited financial statements provided by the Debtor for fiscal year ending September 30, 2023; not reviewed or verified by Trustee · scope: Document Conversion Management Inc. (entity level) · currency: CAD
- secured creditorsnote: One of 4 secured creditors listed at $1.00 aggregate in Statement of Affairs summary (nominal/unstated placeholder value); no individual balance stated · page: 5 · as of: PPSA search dated May 15, 2026 (file currency to May 14, 2026) · debtor: Document Conversion Management Inc. · creditor: Ministry of Finance · currency: CAD · security: Inventory, equipment, account and other (PPSA registration)
- secured creditorsnote: One of 4 secured creditors listed at $1.00 aggregate in Statement of Affairs summary (nominal/unstated placeholder value); no individual balance stated · page: 5 · as of: PPSA search dated May 15, 2026 (file currency to May 14, 2026) · debtor: Document Conversion Management Inc. · creditor: Royal Bank of Canada · currency: CAD · security: Inventory, equipment, account and other (PPSA registration)
- secured creditorsnote: One of 4 secured creditors listed at $1.00 aggregate in Statement of Affairs summary (nominal/unstated placeholder value); also provided a third-party deposit of $16,950.00 to the Trustee for administration costs (not estate funds, not a claim) · page: 5 · as of: PPSA search dated May 15, 2026 (file currency to May 14, 2026) · debtor: Document Conversion Management Inc. · creditor: Kawartha Lakes Community Futures Development Corp. · currency: CAD · security: General Security Agreement and promissory notes executed by the debtor
- secured creditorsnote: Filed a secured proof of claim; claim not reviewed for validity or enforceability by Trustee; also listed at nominal $1.00 in Statement of Affairs summary while $5,066.26 is the claim as filed · page: 5 · as of: claim as filed as of June 1, 2026 · amount: 5066.26 · debtor: Document Conversion Management Inc. · creditor: CWB National Leasing Inc · currency: CAD · security: All scanners of every nature or kind described in agreement number 3078640, between Questor Financial Corp. as original secured party and the debtor, which agreement was assigned by the original secured party
- unsecured creditorsnote: Document names no individual unsecured creditors; Statement of Affairs shows 1 unsecured creditor at $325,256.94; no separate 'claim as filed' value reported for this class · page: 5 · as of: Statement of Affairs · basis: Statement of Affairs as reported (1 unsecured creditor) · amount: 325256.94 · debtor: Document Conversion Management Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD
- recovery outcomeentries: basis: unstated · quote: The Trustee is unable to provide a comment on the tentative distribution at this time. · pct of: unstated · outcome: undetermined · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: