Ontario · Bankruptcy
Trustee Preliminary Report
Court officer report · 21 October 2019
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What we verified from this filing7 verified
- appointeeMNP Ltd.
- appointee roleLicensed Insolvency Trustee
- commencement date30 October 2019
- court file no33-2577670
- financial positionnote: Apparent deficit of $1,548,927.99 per Trustee estimate; cost of administration $30,000.00 and third-party guarantee/preferred claims noted separately. · page: 3 · basis: Estimated Realization as per Trustee, compared to Debtor's Sworn Statement dated July 16, 2019 (assets $8,000.00, liabilities $1,553,927.99) · scope: 1010217 Ontario Limited O/A Rideau Bakery (single entity) · currency: CAD · total assets: 5000 · total liabilities: 1553927.99
- secured creditorsnote: SECTION E states 'The only remaining secured creditors are the shareholders' (related party); amount taken from Trustee's estimated realization statement of secured liabilities. · page: 3 · as of: Estimated Realization as per Trustee · amount: 5000 · debtor: 1010217 Ontario Limited O/A Rideau Bakery · creditor: Shareholders · currency: CAD
- unsecured creditorsnote: Debtor's sworn statement dated July 16, 2019 reported unsecured liabilities of $1,545,927.99; document names no individual creditors. No realization projected for unsecured creditors (dividend 0.0%). · page: 3 · as of: Estimated Realization as per Trustee · basis: Estimated Realization and Projected Distribution statement prepared by Trustee · amount: 1548927.99 · debtor: 1010217 Ontario Limited O/A Rideau Bakery · creditor: Unsecured creditors (aggregate as reported) · currency: CAD