Quebec · Bankruptcy
Trustee's Report on Preliminary Administration
Court officer report · 29 July 2025
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What we verified from this filing11 verified
- appointeeMNP Ltd.
- appointee roleTrustee
- commencement date10 July 2025
- courtSUPERIOR COURT
- court file no500-11-065950-251
- provinceQUEBEC
- financial positionnote: Provable claims per Statement of Affairs total $7,853,022 (secured $5,815,805 + ordinary $2,037,217); amounts received to date as of report (July 29, 2025) were lower: secured $4,620,793, ordinary $930,700, total $5,551,493. Asset breakdown: Accounts Receivable $410,898, Inventory $567,921, Equipment $343,266, Intangibles $0. · page: 2 · basis: book value per Debtor's books and records (assets); claims per Statement of Affairs (liabilities) · scope: entity - 002938 N.B. Inc. · currency: CAD · total assets: 1322085 · total liabilities: 7853022
- secured creditorsnote: First-ranking secured creditor; receiver obtained independent legal opinion confirming validity/enforceability of this security against the estate. Also the applicant that filed the Motion to Appoint a Receiver. · page: 3 · as of: Statement of Affairs · amount: 1254955 · debtor: 002938 N.B. Inc. · creditor: 100116601 Ontario Inc. (identified elsewhere as 1001160601 Ontario Inc.) · currency: CAD · security: Hypothec on movable properties
- secured creditorspage: 3 · as of: Statement of Affairs · amount: 336035 · debtor: 002938 N.B. Inc. · creditor: BDC · currency: CAD · security: Hypothec on movable properties
- secured creditorspage: 3 · as of: Statement of Affairs · amount: 4224815 · debtor: 002938 N.B. Inc. · creditor: IQ · currency: CAD · security: Hypothec on movable properties
- recovery outcomeentries: basis: estimated · quote: Considering that all assets were sold in the Receivership, the Trustee does not anticipate any distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: trustee · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2025-07-29 · table missing: