Ontario · Bankruptcy
Preliminary report to creditors
Court officer report · 3 March 2016
A plain-language read of this filing opens with a subscription.
What we verified from this filing9 verified
- court file noEstate No. 31-2087412
- provinceOntario
- appointeeThe Fuller Landau Group Inc.
- appointee roleTrustee in Bankruptcy
- commencement date12 February 2016
- financial positionnote: Assets per SOA: Equipment NBV $751,516 (as at Dec 31, 2014), SOA estimated realizable value $66,000; Accounts Receivable NBV $11,167 (as at Dec 31, 2014), SOA estimated realizable value $40,400 (comprising $39,500 HST refund and $1,000 accounts receivable). Liabilities per SOA: Secured $108,500.00, Preferred Nil, Unsecured $2,078,340.46, Total $2,186,840.46; per Proofs of Claim filed as at March 3, 2016: Secured $108,500.00, Unsecured $1,272,398.55, Total $1,380,898.55. · as at: 2016-02-12 · basis: Statement of Affairs (SOA) figures; equipment and accounts receivable shown at net book value as at Dec 31, 2014 versus SOA estimated realizable value · scope: entity - National Squash Academy Inc. · currency: CAD · total liabilities: 2186840.46
- operational summaryNSA has ceased operations following termination of its lease; the Landlord secured the facility via a bailiff, and the Trustee is arranging access to inventory, photograph and eventually remove NSA's remaining assets while safeguarding books, records and insurance coverage.
- professional feesnote: No fees reported; only that no deposit or retainer was received. · party: The Fuller Landau Group Inc. (Trustee) · currency: CAD
- report date3 March 2016