Ontario · Bankruptcy
Trustee's Preliminary Report
Court officer report · 12 March 2024
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified
- appointeeBDO Canada Limited
- appointee roletrustee in bankruptcy
- commencement date22 February 2024
- court file no31-3046389
- provinceONTARIO
- secured creditorsnote: Per SOA. PPSA search also lists BMO as secured creditor. Company also held a $10,000 bond at BMO as security for a BMO credit card, described as encumbered. · page: 2 · as of: Statement of Affairs · amount: 7800 · debtor: 8996598 Canada Inc. · creditor: Bank of Montreal (BMO) · currency: CAD
- secured creditorsnote: Related entity - a related-party secured creditor. Per SOA prose approximation of $1.9 million; SOA table shows combined secured total of $1,939,500 for both secured creditors. PPSA search also lists DIA as secured creditor. Only 1 proof of claim filed for secured class totalling $150,000 as at March 12, 2024. · page: 2 · as of: Statement of Affairs · amount: 1900000 · debtor: 8996598 Canada Inc. · creditor: Dig It Apparel Inc. (DIA) · currency: CAD
- unsecured creditorsnote: SOA shows 28 unsecured creditors with claims totalling approximately $1.1 million (prose); exact SOA table figure is $1,067,537, which includes the balance of a secured claim for which there are insufficient assets to fully satisfy its secured claim. Document names no individual creditors. As at March 12, 2024, 4 proofs of claim filed for unsecured class totalling $2,640,159 (proofs filed figure, not adjudicated). · page: 2 · as of: Statement of Affairs · basis: Statement of Affairs as reported · amount: 1067537 · debtor: 8996598 Canada Inc. · creditor: Unsecured creditors (aggregate as reported) · currency: CAD